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You are here: Home / Archives for Industry News / Social Equity

Social Equity

First year of legal marijuana in Illinois generated big bucks but no new minority license holders

January 1, 2021 by AggregatedNews Leave a Comment

Workplace Policies Medical Marijuana In Illinois

Cannifem represents much of what state lawmakers hoped for when they legalized marijuana in Illinois. The startup business was formed by three Black women from areas hardest hit by the war on drugs. Yet the group failed to get any of the three cannabis licenses for which it applied. And the women spent tens of […]

Filed Under: Illinois, Social Equity Tagged With: cannifem, Illinois, Social Equity Licenses

Curio Wellness launches $30M fund to help women and minorities own a cannabis dispensary

December 2, 2020 by AggregatedNews Leave a Comment

“We think of diversity as a keystone issue for the cannabis industry,” said Curio WMBE Fund managing director Jerel Registre in a conversation with TechCrunch. Registre’s conviction around this program is obvious as he explains the problem the fund is addressing. The new fund, started by the Maryland-based medical cannabis company Curio Wellness, aims to […]

Filed Under: Banking, Finance & Real Estate, Social Equity Tagged With: Curio Wellness, Curio WMBE Fund, Franchise, Jerel Registre, Michael Bronfein, Social Equity

Cannabis Ballot Wins Pave The Way For Social Justice Action By States And Companies

November 18, 2020 by AggregatedNews Leave a Comment

In the Unites States, cannabis drug laws have disproportionately affected Black and brown people, while newly-legal marijuana endeavors are predominantly owned by people who are white and male. This fall’s ballot wins for cannabis legalization give states and private businesses the opportunity to ameliorate racial disparity in an industry where about 17% of executive positions […]

Filed Under: Social Equity Tagged With: Curio Wellness, Social Equity

He Was Arrested for Weed at 13, and He’s Selling It Legally at 27

October 29, 2020 by AggregatedNews Leave a Comment

In the hinterlands of central Massachusetts, Seun Adedeji works the crowd with an evangelist’s flair. “We’re here to get you guys medicated and elevated,” he says. At his store’s grand opening this month, he and his customers—some in khakis and leaning on canes, others in psychedelic T-shirts and ripped jeans—greet each other with pandemic-friendly elbow […]

Filed Under: Industry News, Social Equity Tagged With: Elev8 Cannabis, Seun Adedeji, Social Equity

Marijuana Licenses for Low-Income Entrepreneurs Closer to Reality

September 29, 2020 by AggregatedNews Leave a Comment

Colorado marijuana regulators are closer to creating new business licenses for eligible entrepreneurs who lack funding, with the micro-license applications expected to become available early next year. Securing a marijuana license has proven to be a costly, lengthy venture for a startup business in Colorado, with most licensing opportunities in Denver and other metro communities drying […]

Filed Under: Colorado, Social Equity Tagged With: Colorado, Jared Polis, Marijuana Enforcement Division, micro-license

Known Unknowns In LA’s Cannabis Social Equity Amendment

September 29, 2020 by Ariel Clark Leave a Comment

This summer, the LA Municipal Code was changed decisively (the “Amendment”); shifting power power in a cannabis social equity company to the equity-shareholder (“Equity Individual”). These changes will have a significant impact on LA’s social equity licensing, and they also raise new question. So it’s important applicants and operators understand what has changed, what’s the […]

Filed Under: Policy & Legal, Social Equity Tagged With: Equity Individual, Los Angeles Department of Cannabis Regulation (“DCR”), Los Angeles’ Social Equity Program, Social Equity

Lightshade Supports Expungement Efforts in Denver

July 23, 2020 by Press Release Leave a Comment

PRESS RELEASE No one should have criminal convictions on their record for low-level cannabis crimes DENVER (July 23, 2020)–Colorado Gov. Jared Polis signed a bill in June aimed at making Colorado’s cannabis industry more accessible to people of color, as well as those who have been convicted of cannabis crimes that are no longer on […]

Filed Under: Press Releases, Social Equity Tagged With: Lightshade, Native Roots, Terrapin Care Station, The Color of Cannabis, Vicente Sederberg

Sustaining Equity through Economic Uncertainty

July 21, 2020 by Evelyn LaChapelle Leave a Comment

by Evelyn LaChapelle Black Lives Matter is a powerful movement against the persistent structural racism endured by Black people in American society. The protests that have swept every state in the country have made it crystal clear that anti-racism and social change are active, not passive, responsibilities. In addition to its call for individuals to […]

Filed Under: Social Equity Tagged With: Equity programs, Social Equity

Addressing Systemic Racism and Barriers to Entry in the Cannabis Industry

July 10, 2020 by AggregatedNews Leave a Comment

By Naina Kamath While in recent years the main critique of the legal cannabis industry has revolved around its profitability despite high drug-related incarceration rates, a new focus, inspired in part by the Black Lives Matter movement, has been placed on the underrepresentation of Black business owners and executives in the legal cannabis industry. This […]

Filed Under: Social Equity Tagged With: barriers to entry, legal cannabis industry, systemic racism, underrepresentation

A Note From Dixie Brands CEO, Chuck Smith

June 30, 2020 by Chuck Smith Leave a Comment

The Dixie Elixirs brand was founded over 10 years ago as a pioneer in the cannabis industry.  Recently, the national conversation about racism and injustice has focused our attention to the pain the Dixie name can cause due to the historical context of the word.  We stand shoulder to shoulder with the Black community, and […]

Filed Under: Social Equity, The Buck Stops Here Tagged With: Chuck Smith, Dixie Brands (CO), Social Equity

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