The Bureau of Cannabis Control (Bureau) has submitted a report to the Legislature on local jurisdictions awarded equity grant funds authorized by the California Cannabis Equity Act of 2018 (Equity Act) and the Budget Act of 2019. Both the Equity Act and the Budget Act of 2019 require the Bureau to submit a report to the Legislature on the progress of local hashish equity applications in local jurisdictions that obtained grant funds pursuant to these provisions. The report addresses all the equity grant funding awarded by the Bureau and the Governor’s Office of Business and Economic Development (GO-Biz). Funds had been granted to local jurisdictions to present direct technical help to local equity candidates and licensees via their local equity applications.

To date, the state has awarded a complete of $40 million to local jurisdictions in equity grant funding. The Bureau was initially appropriated $10 million in funding and awarded funds to 10 local jurisdictions in October 2019. Additionally, the Bureau and GO-Biz had been every appropriated $15 million in equity grant funding. As allowed by the Equity Act and subsequent laws, the Bureau entered into an interagency settlement with GO-Biz to administer the course of for its $15 million in grant funding. In April 2020, GO-Biz awarded $30 million in grant funding on behalf of GO-Biz and the Bureau.

To view and obtain a duplicate of the report, please click on the following hyperlink:https://bcc.ca.gov/about_us/equity_grant.html

Requests for exhausting copies of the report needs to be despatched to bcc@dca.ca.gov. For questions on equity grant funding, you’ll be able to contact our workplace at (916) 465-9025 or by e mail at bccgrants@dca.ca.gov.

Source link