$30 Million in Funds Through California Cannabis Equity Program Funding
by Roger Tower on April 30, 2020
The era of cannabis prohibition in California had devastating effects on individuals who were convicted of a cannabis-related offense. Years after the legalization of commercial cannabis in California, these individuals and communities still suffer from the long-term consequences. The Cannabis Equity Program aims to support those negatively impacted by the criminalization of cannabis and to create an equal legal cannabis marketplace.
On April 21st, The Bureau of Cannabis Control (BCC) and the Governor’s Office of Business and Economic Development announced $30 million in grant funding through the California Cannabis Equity Grants Program. At least $23 million of the funding comes in the form of low or no interest loans or grants.
“These Cannabis Equity Grants reflect California’s desire to lead our legalization efforts with equity and inclusivity,” said Nicole Elliott, Governor Newsom’s Senior Advisor on Cannabis. “We applaud these jurisdictions for not only embracing the challenge of creating pathways to participate in a legitimate cannabis marketplace, but for doing so in a thoughtful way that seeks to uplift all communities. It is our hope that these efforts lead to the creation of a truly diverse industry and that these programs serve as a blueprint for others who share in our commitment to address systemic discrimination and create real prosperity for all.”
Local Jurisdiction Funding for Cannabis Equity Applicants/Licensees
- City of Oakland $6,576,705.76
- City of Los Angeles $6,042,014.23
- City and County of San Francisco $4,995,000.00
- City of Sacramento $3,831,955.93
- City of Long Beach $2,700,000.00
- County of Humboldt $2,459,581.02
- County of Mendocino $2,245,704.40
Total $28,850,961.34
Local Jurisdiction Funding for Cannabis Equity Assessment/Program Development
- County of Lake $150,000.00
- County of Monterey $150,000.00
- County of Nevada $149,999.95
- City of Palm Springs $149,397.90
- City of San Jose $149,300.37
- City of Santa Cruz $147,666.75
- City of Clearlake $98,890.43
- City of Coachella $93,783.26
- City of Stockton $60,000.00
Total $1,149,038.66
These available resources provide support to local jurisdictions that promote equity in California and break down barriers that make it difficult to enter the newly regulated cannabis market. Contact us if you’d like to learn about more available resources and how to apply for a commercial cannabis license.
