“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
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
CT approves, revokes and denies social equity status under new cannabis rules
A ruling by a cannabis social equity oversight board in Connecticut has significantly altered the landscape for a group of adult-use applicants and license holders. The Social Equity Council (SEC) approved the equity status of six applicants, revoked previous approvals of five applicants and denied another five applications, the Hartford Business Journal reported. The … [Read more...] about CT approves, revokes and denies social equity status under new cannabis rules
With cannabis for sale, Connecticut council proposes how to stay funded with taxes
The Connecticut Social Equity Council narrowly passed a budget proposal on how the state would divvy up potentially millions of dollars in tax revenue from its budding cannabis industry. Connecticut has recorded just over $2 million in gross sales after the first sales were made at nine dispensaries in the state on Jan. 10. The state imposes a 6.5% sales tax on cannabis, plus … [Read more...] about With cannabis for sale, Connecticut council proposes how to stay funded with taxes
New Haven concludes first week of recreational cannabis sales
Jessai Flores, Illustrations Editor Lines stretched out the door of Affinity Dispensary last Tuesday morning in anticipation of the 10 a.m. launch of legal recreational cannabis sales in the Elm City. A year and a half after Connecticut legalized the drug, retail sales of adult-use cannabis officially started on Jan. 10. Affinity Dispensary, New Haven’s only adult-use cannabis … [Read more...] about New Haven concludes first week of recreational cannabis sales
Portrait of a social equity cannabis partnership
ALBUQUERQUE — Mary Jean Garcia and her business partners sold their cars and personal belongings, dipped into savings and emptied retirement accounts to open La Tiendita de Motita, a cannabis dispensary in Albuquerque’s South Valley, the rough-and-tumble neighborhood they grew up in. The former Albuquerque teacher, along with three of the four other women, quit their jobs as … [Read more...] about Portrait of a social equity cannabis partnership
