California DCC Now Accepting Requests For Equity Fee Waivers

Cannabtimes

<![CDATA[SACRAMENTO and EUREKA, Calif., Jan. 1, 2022 – PRESS RELEASE – The Department of Cannabis Control (DCC) in California is now accepting requests for equity fee license waivers from businesses that meet certain eligibility standards.  Fee Waiver Eligibility The cannabis business must meet the following criteria:Equity ownership: Individuals who meet the equity criteria own 50% or more of the business.Gross revenues: The business has gross revenue of $1.5 million or less per year. If a new applicant, the business expects gross revenue of $1.5 million or less for the first year.Equity owners must meet at least one of the following criteria:Cannabis conviction or arrest: The owner was convicted of or arrested for a cannabis offense before Nov. 8, 2016.Household income: The owner’s household income is less than or equal to 60% of the Area Median Income for the local jurisdiction where they live.Neighborhood: The owner lived for at least five years between 1980 and 2016 in an area disproportionately impacted by past criminal justice policies implementing cannabis prohibition. Learn more about qualifying neighborhoods, or use our map tool to see if you lived in a qualifying area.If you participate in your local jurisdiction’s equity program, you can show you meet the equity criteria through an attestation on the fee waiver form. If you don’t participate in your local equity program or are in a jurisdiction without an equity program, you can submit documents to show your eligibility.  Resources for Equity Businesses New Web PagesThe state cannabis website, cannabis.ca.gov, has two new pages that explain the eligibility criteria and steps to request a fee waiver.Eligibility criteria: Describes criteria that businesses must meet to receive a fee waiver. This web page includes:An interactive map to help owners determine if they meet residence criteriaA chart of area median income, by county of residence, to help owners determine household income limitsApply for an equity fee waiver: Outlines…

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Source : California DCC Now Accepting Requests For Equity Fee Waivers

reposted by Cannabis News World

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