Colorado-based cannabis company Veriheal on Tuesday opened submissions for its fourth annual Innovation in Cannabis Scholarship Fund and announced it had increased its award funding from $25,000 to $30,000. The fund will award $10,000 to three students that they can use for college tuition and fees.
To apply for the scholarship, students are asked to submit a 1,000-word essay about how they would improve the cannabis industry.
Joshua Green, Veriheal co-CEO, noted that “Many students are still recovering from financial strain due to the COVID-19 pandemic.”
“With the Innovation in Cannabis Scholarship, Veriheal is hoping to help relieve some of that strain and set up the next generation of cannabis industry leaders for success. Cannabis has enormous potential, whether that’s in medicine, industry, or cultural impact. Our scholarship helps young innovators fully understand and harness the benefits of the plant,” — Green in a press release
The scholarship is open to current college students, recent high school graduates, and high school seniors who are starting college classes early. Submissions will be accepted until July 30 with winners notified in the fall. Winners will be chosen based on the creativity and sustainability of their ideas. Historically, submissions have included cannabis-derived art supplies, dispensary co-ops, yeast-based cannabinoids, and treatment for various debilitating medical conditions.
The scholarship first launched in 2020, awarding $1,000 each to 10 individuals.
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