Tag: social equity
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More Than 700 Minnesota Cannabis Social Equity Business Applications Received In First 24 Hours
Starting on Monday, June 24th, 2024, the State of Minnesota began accepting adult-use cannabis business license applications from social equity applicants. In the first 24 hours after the Minnesota Office of Cannabis Management’s online application went live, regulators reportedly received over 700 applications. Social equity applicants get to apply for recreational cannabis business licenses in…
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Long Beach Cannabis Taxes Reduced By 1-4%
California’s legal cannabis industry has struggled to compete with the state’s unregulated market in recent years. The 2024 Q1 sales totals in California are the lowest since the second quarter of 2020 when total sales were roughly $1.1 billion. Sales totals peaked in California in 2021 Q2 when the state’s legal cannabis industry sold over…
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How Many Social Equity Cannabis Business Licenses Has Arizona Issued?
On November 2, 2010, Arizona voters approved the state’s medical cannabis initiative (Proposition 203) with 50.13% of the vote. The Arizona Department of Health Services finalized medical cannabis dispensary and registry identification card regulations on March 28, 2011, with the first legal medical cannabis purchase being made on December 6, 2012. In 2020, 60% of Arizona voters…
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New Jersey Awards 48 Seed Equity Cannabis Business Grants
The New Jersey Economic Development Authority’s (NJEDA) Seed Equity Grant Program awarded 48 grants to social equity cannabis applicants in May 2024. The Cannabis Equity Grant Program, which is part of the larger Seed Equity Grant Program “is aimed at assisting start-ups by providing businesses with grant funding for early-stage start-up expenses and operational costs.”…
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How Many Social Equity Cannabis Business Licenses Has Washington D.C. Issued?
Washington D.C. is a unique place for cannabis public policy and industry. Local lawmakers approved a medical cannabis legalization measure in Washington D.C. in May 2010. A component of the 2010 measure allowed the launch of eight initial medical cannabis dispensaries in the D.C. area. In January 2023, the Medical Cannabis Amendment Act of 2022…
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How Many Social Equity Cannabis Business Licenses Will Be Issued In Delaware?
Last year, Delaware approved adult-use cannabis legalization, including retail sales. Legal recreational cannabis sales are expected to launch in Delaware in the spring of 2025. Lawmakers in Delaware first legalized cannabis for medical use back in 2011. Part of Delaware’s legalization model involves issuing social equity business licenses. Delaware has the following qualification criteria for…
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How Many Recreational Cannabis Business Licenses Is Minnesota Issuing?
Starting in July 2024, people who qualify under Minnesota’s social equity provisions of the state’s adult-use cannabis law can start applying for recreational cannabis business licenses. Minnesota became the 23rd state to legalize cannabis for recreational use when lawmakers adopted an adult-use legalization measure in 2023. Minnesota’s adult-use cannabis legalization measure became effective on August…
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How Many Cannabis Microbusiness Licenses Has Missouri Issued?
Missouri’s Division of Cannabis Regulation recently posted the results of a random lottery drawing it conducted to award cannabis microbusiness licenses to qualified entities. It was the second of three expected rounds of microbusiness licenses to be awarded, per Article XIV, Section 2 of the Missouri Constitution. “More than 2,000 applicants applied between April 15-29.…
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How Many People In Minnesota Qualify For Social Equity Cannabis Licenses?
Minnesota became the 23rd state to legalize cannabis for recreational use when lawmakers adopted an adult-use legalization measure in 2023. Minnesota’s adult-use cannabis legalization measure became effective on August 1st, 2023. Medical cannabis is also permitted in Minnesota. Part of Minnesota’s legalization model involves the creation of a social equity category for industry licenses. Minnesota’s…
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73% Of Americans Want Legalization To Benefit Cannabis Workers
The Parabola Center has released the results of a recently conducted survey which found that 73% of poll participants want cannabis legalization to benefit employees that work in the emerging legal cannabis industry. According to its website, the Parabola Center is “a nonpartisan think tank of legal professionals and drug policy experts coming together to…