NEW YORK — Women weed entrepreneurs who applied for New York’s first retail licenses are being left behind in the state’s effort to establish an equitable cannabis market. Since launching the program in August, New York regulators have awarded dozens of licenses to entrepreneurs who had an immediate family member convicted on marijuana charges or have a record themselves. While … [Read more...] about Why New York’s cannabis equity program is stranding women entrepreneurs
Equity
Analysis: Michigan’s cannabis social equity program doesn’t work
Michigan’s marijuana social equity program — a provision in the licensing regulations to lower the barrier of entry for residents impacted by marijuana laws — is broken. Three years into the legal selling of adult recreational-use marijuana in the state, there are only 155 social equity license holders of the roughly 3,100 licenses issued to date. The Cannabis Regulatory Agency … [Read more...] about Analysis: Michigan’s cannabis social equity program doesn’t work
Helios Labs, Illinois’ First Social Equity Cannabis License Owner, Awarded $1M Loan From State’s DCEO Program
CHICAGO, Nov. 15, 2022 /PRNewswire/ -- Helios Labs, a minority-owned craft cannabis grower located in Broadview, Illinois, announced it secured the first loan from the Illinois Department of Commerce and Economic Opportunity (DCEO) Cannabis Social Equity Loan Program designated for social equity license holders. Ambrose Jackson, Chief Executive Officer for Helios Labs, said the … [Read more...] about Helios Labs, Illinois’ First Social Equity Cannabis License Owner, Awarded $1M Loan From State’s DCEO Program
State announces $8.75 million loan fund for social equity cannabis businesses
Chicago Sun Times State officials announced Illinois has created a pool of $8.75 million for loans to companies holding social equity licenses to operate cannabis businesses. With a deadline to open their doors this spring, minority marijuana business entrepreneurs will have an $8.75 million pool of state-backed loans, state officials announced Thursday. The state Department … [Read more...] about State announces $8.75 million loan fund for social equity cannabis businesses
Can marijuana bring back social equity in Massachusetts? A case study… Of course they want look at what’s happening in CT.
In the industrial kitchen at Major Bloom, staff are assembling joints using a gadget that turns out nearly 200 so-called “pre-rolls” in one go. A large bag of multi-colored fruit cereal sits ready to be baked into marijuana-infused treats. And owner Ulysses Youngblood is explaining the business philosophy he subscribes to, a “blue ocean” strategy. “Blue ocean is basically like … [Read more...] about Can marijuana bring back social equity in Massachusetts? A case study… Of course they want look at what’s happening in CT.
CT Lottery Update
Some notable points from the HIGHBAZAAR resource center… One of the great things that HighBazaar has been doing over the last 3 weeks is talking about the state’s social equity portion for licensing of the legal Cannabis Market, which is set to roll out later this year. If you are looking to apply and get into the lottery, here are some things you’ll need to know. Social … [Read more...] about CT Lottery Update
Connecticut Cannabis Equity
For those readers like us, who have been awaiting what equity would look like in a Connecticut cannabis industry, the wait is over. It is unethical to make money legally off a substance that historically was used to police POC and not assist those communities adversely affected by the War on Drugs and before. Equity and expungement go hand in hand but are not the same. … [Read more...] about Connecticut Cannabis Equity
Let Your Representation Know You Support Change
The word on the street is the State of Connecticut Judiciary Committee could meet as early as April 8th, 2019 to vote on Proposed Bill 1085. If the proposed bill were to pass it would join House Bill 7371 on the floor to be called for a vote this session. There is a Judiciary Meeting scheduled on the State of Connecticut website. What language do you want written into … [Read more...] about Let Your Representation Know You Support Change
