MJ Biz report

A Colorado invoice that might put aside cannabis social equity licenses for potential entrepreneurs and provides them a leg up in getting began sailed by means of the state Legislature and was despatched to the governor’s desk for his signature.

Under the laws, social equity license holders would qualify for mentorship packages and monetary incentives to assist get their enterprise off the bottom.

Introduced solely per week in the past after the dying of George Floyd in Minneapolis, House Bill 20-1424 adjustments the time period “accelerator licensee” to “social equity licensee” within the state’s marijuana rules.


Colorado lawmakers pass cannabis social equity measure

Bill Information

Concerning social equity licensees in regulated marijuana.


Liquor, Tobacco, & Marijuana


In the “Colorado Marijuana Code”, the invoice adjustments the time period “accelerator licensee” to “social equity licensee” and alters the {qualifications}. A social equity licensee could take part within the accelerator program on the premises of a retail marijuana licensee whereby the social equity licensee receives help from an skilled retail marijuana licensee. The invoice expands the accelerator program to incorporate a retail marijuana retailer licensee. A retail marijuana licensee taking part within the accelerator program and a social equity licensee could also be entitled to incentives from the division of income or the workplace of financial growth and worldwide commerce.
(Note: This abstract applies to the reengrossed model of this invoice as launched within the second home.)

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