House Speaker Nancy Pelosi unveiled a new $3 trillion coronavirus relief packageon Tuesday that includes long-sought banking reform for the legal cannabis industry. While the bill includes more relief for impacted businesses, cannabis companies will not likely be eligible to receive those funds.
The 1,800-page bill, named the Health and Economic Recovery Omnibus Emergency Solutions Act, or HEROES Act, represents the next phase of COVID-19 relief aimed at helping Americans struggling through the current public health and economic shock.