Tag: social equity
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Nevada Issues Six Cannabis Consumption Lounge Licenses To Social Equity Applicants
The State of Nevada will soon have more cannabis consumption lounges after regulators recently approved six new licenses, all to social equity applicants. There are currently only two legal cannabis lounges operating in the State of Nevada. “The applications were selected using random number generator software,” the Nevada Cannabis Compliance Control Board (CCB) stated in…
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Delaware To Give $6.2 Million To Social Equity Licensees
Delaware’s fund for boosting social equity in the state’s emerging legal cannabis industry is up to a reported $6.2 million. Delaware already permits medical cannabis sales in the state, and in the not-too-distant future adult-use cannabis sales will also be permitted. Delaware is pursuing a plan to allow the state’s medical cannabis industry to apply…
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Los Angeles Has Issued 111 Social Equity Cannabis Dispensary Licenses
In December 2020, regulators in Los Angeles announced that they had selected 200 social equity cannabis dispensary applicants. Zoom forward to July 2024, and only a reported 111 social equity cannabis dispensary licenses have actually been issued. “At the beginning of 2024, a total of 499 social equity business permits had been awarded to retailers,…
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Illinois Surpasses The 100 Licensed Social Equity Cannabis Dispensary Milestone
The State of Illinois recently surpassed a significant milestone, having approved its 100th social equity cannabis dispensary license. Illinois became the 11th state to adopt a statewide adult-use cannabis legalization measure on June 25, 2019 when Illinois Governor JB Pritzker signed House Bill 1438. “From day one of legal cannabis sales in Illinois, my administration…
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New York State Currently Has 144 Licensed Cannabis Dispensaries Operating
Earlier this week New York Governor Kathy Hochul announced the New York State Cannabis Control Board (CCB) has “authorized the issuance of 109 adult-use cannabis licenses spanning the supply chain, encompassing microbusinesses, cultivators, processors, distributors, and retail dispensaries.” “New York is building a robust and equitable legal market that is driving significant economic growth for…
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Nimble Distro Has Donated $110,000 To NuProject Since September 2021
Oregon-based Nimble Distro describes itself as “an efficient and profitable wholesale distribution company imbued with a dash of whimsy.” The wholesale cannabis distribution company, based in Milwaukie, Oregon, distributes some of the most popular cannabis brands in the state. The company recently announced that it has made $110,000 in donations to the NuProject since September…
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How Many Legal Cannabis Lounges Are There In Nevada?
With a population of roughly 3.2 million people, the State of Nevada ranks 32nd for total population among its U.S. peers. However, Nevada experiences the 3rd most tourism in the country, only behind California (#1) and Florida (#2). An estimated 40.8 million people visited Las Vegas alone in 2023, a 5.2% increase over 2022. According…
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Maryland Sold Over $1.1 Billion Worth Of Cannabis In First Year Of Legal Sales
Maryland Governor Wes Moore announced this week that total medical and adult-use cannabis retail sales surpassed $1.1 billion in the first 12 months following the enactment of adult-use legalization in the state. “According to the Maryland Cannabis Administration, monthly retail sales surpassed $95 million in June, with the adult-use market accounting for more than $67…
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San Diego County To Issue 13 Cannabis Business Licenses Through Social Equity Cannabis Program
San Diego County is launching a new social equity cannabis program with the goal of helping people that were previously negatively impacted by cannabis prohibition policies get into the state’s emerging legal cannabis industry. Applications for the San Diego County Cannabis Social Equity Program are now open for individuals previously incarcerated for cannabis offenses. The…
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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…