Portland City Council Establishes Cannabis Emergency Relief Fund

CANNANNEW REPORT

The Portland City Council two weeks ago announced a $1.33 million “Cannabis Emergency Relief Fund” (CERF), allocated from the city’s cannabis tax revenue, for local cannabis businesses impacted by the COVID-19 pandemic and the rising rates of robberies and vandalism at cannabis businesses in Portland. Applications open February 1, 2022, and funding will prioritize businesses owned by historically disadvantaged persons (minority, women, veteran, small business and/or low income). The industry is in dire need of these grants as continued federal prohibition means cannabis business cannot receive any of the $114 million in federal COIVD-19 relief funding distributed by the City of Portland. Funding Eligibility CERF is a one-time grant program providing up to $25,000 in financial support for licensed cannabis businesses located in Portland. Cannabis businesses applying for funding must meet one of the following qualifications: Operated by a historically disadvantaged owner (minority, women, veteran, small business and/or low income), or Hold three (3) or less pending or active Marijuana Regulatory Licenses issued by the Oregon Liquor Control Commission (OLCC), and Had annual receipts of less than $2 million in annual revenue for calendar year 2020 if the business began operating on or after January 1, 2020 Had annual receipts of less than $2 million in annual revenue for calendar year 2021 if the business began operating on or after January 1, 2021 Grants of up to $5,000 are available to individuals currently working in Portland’s cannabis industry or worked in the industry but lost employment because of the COVID-19 pandemic. These grants will repay front line workers for the sacrifices they have and continue to make through the pandemic, and while assisting front line workers is a concern that needs addressing in all industries, the issue is especially relevant to cannabis as many lower income earners are hourly employees who do not…

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Source : Portland City Council Establishes Cannabis Emergency Relief Fund

reposted by Cannabis News World

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