The Governor’s Office of Business and Economic Development (GO-Biz) and the Bureau of Cannabis Control have announced a $30 million grant program for cannabis entrepreneurs disproportionately affected by the War on Drugs.
At least $23 million of the funding, in the form of low/no-interest loans or grants, will be directly allocated to applicants and licensees specifically identified by local jurisdictions as being from communities most harmed by cannabis prohibition. To date, jurisdictions seeking to create this inclusive regulatory framework represent roughly a quarter of the state’s population.
“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.”
In its press release, the state identified 16 jurisdictions that will be receiving funds:
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
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
Learn more here.