skip to Main Content
L.A.’s ‘social equity’ program for cannabis licenses under scrutiny

Los Angeles city program crafted to ensure that cannabis sales licenses go to people from communities most harmed by the war on drugs has been hailed as a kind of reckoning with historic injustice.

It was designed with a lofty goal: Ensure that people affected by the government’s crackdown on the illicit drug trade become business owners in this emerging industry.

But the city’s “social equity program” is under renewed scrutiny over whether the initiative is fulfilling its promise.

The latest controversy centers around 4thMVMT, a company founded by a well-to-do businessman who partners with Black entrepreneurs to obtain cannabis licenses. The company positioned itself as one of the program’s biggest winners by partnering with at least 13 of the applicants scheduled to receive temporary approval this week to start operating after meeting certain conditions.

An attorney who reviewed one of 4thMVMT’s partnership contracts has raised alarms over what she says are “predatory” business practices baked into the agreements. Meanwhile, competitors of 4thMVMT have seized on the contract language to attack the company.

Los Angeles city program crafted to ensure that cannabis sales licenses go to people from communities most harmed by the war on drugs has been hailed as a kind of reckoning with historic injustice.

It was designed with a lofty goal: Ensure that people affected by the government’s crackdown on the illicit drug trade become business owners in this emerging industry. [Read More @ The LA Times]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

If FL Supreme Court approves cannabis ballot language, will voters go for recreational weed or not?

The long wait on whether Floridians will get a chance to vote to legalize recreational cannabis for adults 21 and older is almost over, as the Florida Supreme Court is…

Missouri strips marijuana licenses connected to company accused of predatory behavior

Missouri’s health department on Wednesday stripped two coveted marijuana micro-licenses tied to an out-of-state company that had been accused of predatory practices and had listed the licenses for resale. The…

Dug In: Big Island Grown’s Deep Cannabis Roots

Big Island Grown (BIG) is a vertically integrated cannabis company based in Kailua-Kona, Hawaii County, on the Big Island of Hawaii, whose reach now extends to several islands in the…

Unlock the Secrets of Social Media for Cannabis Brands

There are three primary ways that brands can use social media platforms for marketing: organic posts, shared posts, and paid posts. With paid posts still off limits to most businesses…

More Categories

Back To Top
×Close search
Search