California Announces $30 Million Grant Program To Promote Marijuana Industry Social Equity

California Announces Million Grant Program To Promote Marijuana Industry Social Equity

California marijuana regulators announced on Tuesday that the state will be providing $30 million in grant funding for cannabis entrepreneurs from communities disproportionately impacted by the drug war. The state Bureau of Cannabis Control and Governor’s Office of Business and Economic Development teamed up for the initiative, which is designed to support equitable business development in local jurisdictions throughout the state. The program will empower those businesses through “technical assistance to individuals, reduced licensing fees or waived fees, assistance in recruitment, training, and retention of a qualified and diverse workforce, and business resilience such as emergency preparedness,” according to a press release. A minimum of $23 million will be allocated for low- or no-interest loans for licensees or business applicants “identified by local jurisdictions as being from communities most harmed by cannabis prohibition.” “These Cannabis Equity Grants reflect California’s desire to lead our legalization efforts with equity and inclusivity,” Nicole Elliott, senior advisor on cannabis to the governor, said. “We applaud these jurisdictions for not only embracing the challenge of creating pathways to participate in a legitimate cannabis marketplace, but for doing so in a thoughtful way that seeks to uplift all communities.” “It is our hope that these efforts lead to the creation of a truly diverse industry and that these programs serve as a blueprint for others who share in our commitment to address systemic discrimination and create real prosperity for all,” she said. $30 million in grant funding has been awarded to California communities that were negatively…

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Source : MJ moment
Link to original : California Announces Million Grant Program To Promote Marijuana Industry Social Equity
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