New Mexico Creates Loan Program for Cannabis Microbusinesses
Fri / Dec 3rd
New Mexico approved a $5 million loan program specifically for cannabis microbusinesses in an effort to advance the states’ social equity goals.
The concept of social equity deals with justice and fairness within social policy. In the cannabis industry, social equity programs work to supply business aide to those who have been previously incarcerated for doing cannabis business. Learn about social equity in cannabis in the articles and stories below:
Fri / Dec 3rd
New Mexico approved a $5 million loan program specifically for cannabis microbusinesses in an effort to advance the states’ social equity goals.
Tue / Nov 30th
The Alliance for Cannabis Equity — a collaboration uniting the Connecticut Community Outreach Revitalization Program and The WorkPlace — will focus on social equity and economic opportunities for Black and Brown entrepreneurs and workers.
Mon / Nov 22nd OPINION
How does investing in the individual benefit the collective, and why is accountability so important to a successful social equity program? A closer look at California sheds light on one of the cannabis industry’s most pressing issues.
Fri / Nov 19th
The U.S. Cannabis Council and the Congressional Black Caucus Foundation launched the Pathways to the C-Suite Internship program; the program places college seniors and recent college graduates with cannabis executives for mentorship.
Tue / Nov 9th
Michigan Gov. Gretchen Whitmer has signed legislation expanding the number of people eligible for medical cannabis licenses, including those with cannabis-related criminal charges.
Tue / Nov 2nd INTERVIEW
Fab 5 Freddy and Bernard Noble are partners in B Noble, a cannabis brand operating under Curaleaf’s Rooted in Good corporate social responsibility program.
Tue / Nov 2nd
Adult-use cannabis home delivery began in Massachusetts this year but due to new regulations, namely requirements on drivers, vehicles, and surveillance, delivery companies are unable to earn a profit.
Thu / Oct 28th
Cannabis regulators in Oakland, California have sent several of the city’s social equity licensees to collections over unpaid loans.
Fri / Oct 22nd
The executive branch and legislative negotiators in Rhode Island are close to reaching a deal on regulating adult cannabis use, but additional discussions are needed for agreement on issues including taxes.
Fri / Oct 15th
Flowhub, a retail point-of-sale platform for cannabis dispensaries, announced on Tuesday the closing of $19 million in strategic funding. The sum includes a personal investment by Shawn “Jay-Z” Carter.
Thu / Oct 14th SPOTLIGHT
An equitable cannabis industry should include legacy operators — this is the cornerstone principle at The People’s Ecosystem. The People’s… Read More
Tue / Oct 12th PODCAST
Keith Stephenson is the founder and CEO of Purple Heart, the longest-running cannabis dispensary in Oakland, California, and the country’s first Black-owned cannabis business.
Mon / Oct 11th
Arizona has identified 87 zip codes where applicants for the state’s cannabis social equity licensed must have lived in recent years.
Mon / Oct 11th
The San Francisco Board of Supervisors approved a measure by Mayor London Breed to update the city’s social equity program.
Fri / Oct 8th
Connecticut’s Social Equity Council has asked regulators to charter new banks to support the state’s cannabis industry and give better opportunities for social equity applicants.
Wed / Oct 6th
The California Department of Cannabis Control released guidelines and application requirements for a new $100M grant program aimed at transitioning provisional licenses to permanent annual licenses.
Fri / Sep 10th
Connecticut’s Commissioner for the Department of Consumer Protection recently warned that the state’s roll-out of adult-use cannabis sales is likely to face delays.
Sat / Aug 28th
Cara Wietstock, host of Fresh Cut by Ganjapreneur, meets with Rebecca Colett, CEO of Detroit, Michigan-based cannabis brand Calyxeum, and Founder of the social equity incubator The Detroit Cannabis Project, to discuss embarking on a career in cannabis, how to become a cannabis brand that empowers and engages with the surrounding community, and the negative impacts of corporate weed on the industry.
Thu / Aug 26th
TILT Holdings is partnering with Long Island, New York’s Shinnecock Indian Nation to establish vertical cannabis operations on their tribal territory in the Hamptons.
Mon / Aug 23rd
New Jersey-based REEForm NJ is launching an initiative to put proceeds from every sale directly into the commissary accounts of incarcerated individuals who are serving time for non-violent cannabis crimes.
Fri / Aug 20th
New Jersey’s proposed cannabis industry regulations include provisions for social equity and microbusinesses, and application fees as low as $100.
Fri / Aug 20th
Virginia lawmakers weighed the possibility of launching retail cannabis sales earlier than planned by authorizing existing medical dispensaries to sell recreational cannabis on a temporary basis before retail sales officially begin in 2024.
Thu / Aug 19th
The new Virginia Socialist Marijuana Coalition hopes to rally activists from across the state to push for more local equitable cannabis policies.
Tue / Aug 17th
Humboldt County is set to award more than $2 million in grants through Project Trellis, the county’s micro-grant, marketing, and local equity program.
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