Funding advances financial justice for communities disproportionately impacted by hashish prohibition

 

Sacramento, CA – The Governor’s Office of Business and Economic Development (GO-Biz), in partnership with the Bureau of Cannabis Control, right this moment introduced $15 million in grant funding via the Cannabis Equity Grants Program for Local Jurisdictions. This program seeks to advance financial justice for populations and communities disproportionately affected by hashish prohibition by offering funding to native jurisdictions which can be dedicated to selling fairness in the authorized hashish market and eliminating boundaries to coming into the regulated hashish business.

“Cannabis prohibition and criminalization has had devastating impacts on generations of Californians,” mentioned Nicole Elliott, senior advisor on hashish to Governor Newsom. “As we work to safely reopen our economy, leading with equity across all sectors will ensure a just recovery and further our commitment to create a truly diverse legal industry. These efforts stand as a testament to our values as a state, and I applaud the work being done by these jurisdictions as they thoughtfully embrace this challenge.”

Individuals convicted of a hashish offense and their households undergo the long-term penalties of prohibition and criminalization. These people have a tougher time coming into the adult-use hashish business due, in half, to a scarcity of entry to capital, enterprise house, technical help, and regulatory compliance help. Jurisdictions will use this funding to develop their hashish fairness applications and help their fairness program candidates and licensees by offering low/no-interest loans or grants, lowered licensing charges or waived charges, and technical help, together with one-on-one consulting and coaching and navigation help with hashish licensing and regulatory necessities.

“The California Cannabis Equity Grant that I received from the City of Oakland was one of the best things to happen to my company. I was able to hire drivers and sales representative,” mentioned Jessie Grundy, CEO of Green Peakz. “California investing in Californians is key to equity work. Thank you to the team at GO-Biz for doing more than just helping us get licenses, but also investing in equity companies being successful.”

At least $11.5 million of the funding, in the type of low/no-interest loans or grants, will probably be straight allotted to hashish fairness candidates and licensees particularly recognized by native jurisdictions as being linked to populations or communities that have been negatively or disproportionately impacted by hashish prohibition and criminalization.

Local Jurisdiction Funding for Cannabis Equity Applicants/Licensees

City of Oakland $2,434,712.51
City and County of San Francisco $2,055,841.43
City of Los Angeles $2,030,997.42
City of Sacramento $1,813,612.38
City of Long Beach $1,267,044.26
City of Fresno $1,204,934.25
County of Humboldt $1,055,870.22
County of Lake $888,173.18
City of Palm Springs $869,540.18
County of Mendocino $832,274.17
Total $14,453,000

Local Jurisdiction Funding for Cannabis Equity Assessment/Program Development

County of San Diego $75,000
County of Sonoma $75,000
County of Trinity $75,000
City of Escondido $75,000
City of Isleton $22,000
City of Modesto $75,000
City of Richmond $75,000
City of San Diego $75,000
Total $547,000

 

The grant awards introduced right this moment construct upon the $40 million in hashish fairness funding awarded by the State of California. To study extra about this system, click onhere.

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About GO-Biz
The Governor’s Office of Business and Economic Development (GO-Biz) serves because the State of California’s chief for job development and financial growth efforts. GO-Biz gives a variety of providers to enterprise homeowners together with: attraction, retention and growth providers, website choice, allow streamlining, clearing of regulatory hurdles, small enterprise help, worldwide commerce growth, help with state authorities, and far more. For extra data go to,www.business.ca.gov.

About BCC
To subscribe to e mail alerts to listen to about updates as they turn out to be accessible, please go to the Bureau’s web site at https://bcc.ca.gov/. For data on all three state licensing authorities, please go to the state’s California Cannabis Portal athttps://cannabis.ca.gov/. Follow the Bureau on Facebook, Twitter and Instagram for day by day information and updates. Those trying to get in contact with the Bureau of Cannabis Control might contact us straight via e mail at bcc@dca.ca.gov.

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