California Gives Localities $15M In Cannabis Equity Grants
Marijuana Stocks, Finance, & InvestingUncategorized March 17, 2021 MJ Shareholders
California officials have awarded $15 million in grant funding through the Governor’s Office of Business and Economic Development (GO-Biz) and Bureau of Cannabis Control’s Cannabis Equity Grants program. At least $11.5 million of the funding will be in the form of low- or no-interest loans or grants to cannabis equity applicants and licenses.
The grants are set aside for individuals convicted of a cannabis offense and their families, and other social equity applicants as determined by localities.
Nicole Elliott, senior advisor on cannabis to Gov. Gavin Newsom (D) noted that “prohibition and criminalization has had devastating impacts on generations of Californians.”
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