Boston Green-Lights Independent Cannabis Board To Boost Diversity In Industry

Boston Green-Lights Independent Cannabis Board To Boost Diversity In Industry

BOSTON (AP) — Boston is overhauling its process of reviewing marijuana businesses to boost involvement of minority entrepreneurs in Massachusetts’ burgeoning pot industry. The City Council on Wednesday approved an ordinance calling for the creation of an independent Cannabis Board to oversee local review of prospective marijuana businesses. The proposal by Councilor Kim Janey also requires Boston to ensure that at least half of its marijuana licenses go to companies from communities affected by the war on drugs. And it creates Massachusetts’ first local fund supporting minority-owned marijuana companies, according to Janey and other city officials. Boston’s new Equity Fund will provide qualified business technical assistance. It will be financed through local industry fees. Janey said the goal of the overhaul is to make Boston’s “opaque and vague” marijuana business application process more transparent. She said it also provides “economic justice” to marginalized communities that have suffered for years under harsh drug enforcement policies and have so far not benefited from the lucrative legal pot industry. “The evidence is clear: without intentional focus on equity, the status quo will prevail,” Janey said as the council weighed her proposal. “Larger and wealthier companies will lock out smaller, diverse companies from our…

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Source : High Times
Link to original : Boston Green-Lights Independent Cannabis Board To Boost Diversity In Industry
reposted by Cannabis News World

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