Loan program approved for cannabis microbusinesses

Marijuana

SANTA FE, N.M. (KRQE) – State lawmakers approved a loan program for cannabis microbusinesses. The Finance Authority Oversight Committee approved the $5 million loan program.


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This will specifically help rural small businesses succeed and help to ensure there are no gaps in the market. Businesses can get up to $250,000. Applications for the loans will be available in February with the first loans going out in March.

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