According to Arizona social equity applicants and community members, the state’s cannabis program isn’t operating as intended. The passage of Proposition 207 in 2020 legalized adult-use cannabis, and part of the law required that social equity applicants meet specific criteria. This included having annual income 400% less than federal poverty level, having a cannabis-related … [Read more...] about Arizona’s Social Equity Program Isn’t Living Up to the Hype
Social equity
Taking the lid off the money pot: Cook County offers grants to social equity marijuana businesses
When Illinois legalized recreational marijuana in 2020, state legislators sought to correct the effects of the drug war on Black and Brown communities with “the most equity-centric law in the nation.” The government did so by issuing special “social equity” cannabis business licenses for people of color so they could reap the profits of the now billion-dollar industry. But even … [Read more...] about Taking the lid off the money pot: Cook County offers grants to social equity marijuana businesses
Connecticut’s Social Equity program provides stability to communities affected by drugs
HARTFORD, CT (WFSB) - Connecticut’s adult use marijuana program is different from other states, mainly because of social equity.This means a large chunk of profits goes to distressed communities.We wanted to see how some of this money is making a difference.Hartford’s youth get help with their homework, and a lot more at the Hartford City Mission.Victor Rush is the executive … [Read more...] about Connecticut’s Social Equity program provides stability to communities affected by drugs
Connecticut’s marijuana tax revenue drives social equity initiatives
NEW HAVEN, Conn. (WTNH) — In the first year of adult-use cannabis sales, Connecticut sold over $144 million worth, resulting in over $22 million to the state from the marijuana tax.The tax is overall around 20 percent and is broken into three categories, A six percent sales tax, a three percent tax for the city or town it’s sold in and an over ten percent THC tax. Most of that … [Read more...] about Connecticut’s marijuana tax revenue drives social equity initiatives
Arizona Bill Aims To Claw Back Marijuana Social Equity Licenses From Investors And Corporate Dispensaries
“We now have here in Arizona a situation where 24 of 26 of these social equity licenses are now fully controlled by companies or people who do not belong in these special groups to get this license.” By Natasha Yee, Arizona Center for Investigative Reporting Arizona lawmakers are pushing to return social equity licenses for marijuana dispensaries to their original owners, … [Read more...] about Arizona Bill Aims To Claw Back Marijuana Social Equity Licenses From Investors And Corporate Dispensaries
Social Equity Council begins distributing money from cannabis industry in pilot program
Connecticut’s cannabis legalization came with opportunity for communities disproportionately affected by the War on Drugs to get funding for community efforts. Those funds are starting to come in. On Tuesday, the CT Cannabis Social Equity Council and the Community Foundation of Eastern Connecticut formally gave out $1 million in grants to causes based in Norwich, New London, … [Read more...] about Social Equity Council begins distributing money from cannabis industry in pilot program
CT cannabis startups make pitch to investors
Social equity entrepreneurs have completed a state-sponsored accelerator program, and are now seeking funding. Entrepreneur Zayna Francis fields a question after pitching her cannabis brand Lorrain's CT to investors. Francis graduated from a 10-month business accelerator program sponsored by the state's Social Equity Council. In a Norwalk hotel ballroom Wednesday morning, … [Read more...] about CT cannabis startups make pitch to investors
Connecticut Launches Social Equity Fund for Cannabis Businesses
Launched by Connecticut’s Social Equity Council (SEC) and the Department of Economic and Community Development (DECD), the loan programme aims to provide licensed cannabis business owners in the state with financial assistance, particularly, those who have been disproportionately impacted by prohibitionist drug policy. Applicants that will be eligible for the programme include … [Read more...] about Connecticut Launches Social Equity Fund for Cannabis Businesses
The Harrowing Quest for Social Equity in the Cannabis Abyss
In the twisted abyss of the cannabis industry, social equity founders wage a harrowing battle against a relentless tides of injustice. Despite the promise of policies designed to level the playing field, they find themselves entangled in a web of corruption and despair. The journey towards prosperity is a treacherous path, littered with insurmountable obstacles that mock their … [Read more...] about The Harrowing Quest for Social Equity in the Cannabis Abyss
The state of social equity in the cannabis industry
Over the past few years, social equity has become a critical priority for the cannabis industry. With the proliferation of cannabis legalization across the United States, there has been a concerted effort to address historical injustices of drug prohibition and promote diversity and inclusion in the industry. However, despite the promises made, many existing social equity … [Read more...] about The state of social equity in the cannabis industry
