Arizona tried adding equity into marijuana licensing. Dispensary chains still took over January 22, 2024 AggregatedNews Arizona 0 Comments Would-be partners have offered Abel Ochoa "crazy amounts of money" for the social equity marijuana license he and his cousin own. "I had somebody offer me $17 million," he said, laughing. "If I would've just took the money, like yeah,… Read More→
Banking New York’s social equity cannabis fund: regulators seem to take lenient approach to financing rules September 18, 2023 AggregatedNews New York 0 Comments New York’s Cannabis Control Board recently passed a long-awaited slate of regulations that, in part, put strict limits on which people or entities can hold a financial interest in certain weed businesses. These “True Parties of Interest” rules (TPIs) were designed to prevent monopolies in New… Read More→
Why is it so hard for ‘social equity’ entrepreneurs to get an NJ legal weed license? January 18, 2023 AggregatedNews New Jersey 0 Comments New Jersey cannabis regulators believe there's room to grow when it comes to getting people from economically-disadvantaged areas — especially those previously convicted of marijuana crimes — into the state's brand new legal weed industry. According to statistics released by… Read More→
New York’s Office of Cannabis Management misses key deadline to develop social equity plan January 4, 2023 AggregatedNews New York 0 Comments New York’s Office of Cannabis Management has missed a deadline mandated by the state’s cannabis law to produce a social and economic equity plan, which is meant to guide the rollout of the state’s emerging marijuana industry. The Marijuana Regulation and Taxation Act required OCM’s chief equity… Read More→
Illinois’ first social equity-licensed marijuana store to open next week in Chicago’s River North November 10, 2022 AggregatedNews Illinois 0 Comments What state officials say would be the first social equity-licensed marijuana store in Illinois is scheduled to open next week in Chicago’s River North area. Green Rose Dispensary is soon to open on the site of the old Carson’s Ribs… Read More→
Flowhub: A Streamlined Experience for Large (and Small) Retail Operations October 23, 2022 Brian MacIver Company Stories, Point-of-Sale, Science and Technology 0 Comments After discovering how CBD could help him get off of prescription SSRIs, Kyle Sherman, founder and CEO of cannabis POS software company Flowhub, moved with his family from California to Colorado in 2013. While California was still the medical cannabis… Read More→
NY to take social equity marijuana applications August 26, 2022 AggregatedNews New York 0 Comments The Hochul administration has begun accepting applications from “justice-involved” individuals for retail cannabis dispensary licenses as officials prepare to provide some of those awarded licenses with “state of the art” storefronts constructed and furnished by the state Dormitory Authority. In… Read More→
Connecticut Legislates Equity, But Not a Share of the Profits for Marijuana August 5, 2022 AggregatedNews Connecticut 0 Comments In an effort to open the newly legal marijuana market to those most harmed during the years it was criminalized, Connecticut lawmakers set strict standards for who may own the emerging businesses. But they didn’t legislate anything about profits. Last… Read More→
Can marijuana bring about social equity? In Massachusetts, a case study July 4, 2022 AggregatedNews Massachusetts 0 Comments In the industrial kitchen at Major Bloom, staff are assembling joints using a gadget that turns out nearly 200 so-called “pre-rolls” in one go. A large bag of multi-colored fruit cereal sits ready to be baked into marijuana-infused treats. And… Read More→
‘Social equity’ applicants making inroads, gradually, in Massachusetts cannabis business June 27, 2022 AggregatedNews Massachusetts 0 Comments The first time lifelong Holyoke resident Damaris Aponte sold marijuana, she was 14 and growing up in a city deeply impacted by the so-called War on Drugs. She saw many people she knew get arrested on drug charges, and her… Read More→
With legalization looming, Black Missourians worry about losing out in marijuana industry March 9, 2022 AggregatedNews Missouri 0 Comments Abe Givins sunk into a leather armchair at the Cola Private Lounge in St. Louis on Saturday afternoon, where his company hosted a panel of doctors speaking about medical marijuana. Givins is co-owner of Village, which advertises itself as the… Read More→
Inside Polis’s $5 Million Plan for Marijuana Social Equity in Colorado January 26, 2021 AggregatedNews Colorado 0 Comments Governor Jared Polis wants to see $5 million put in a new state fund intended to advance marijuana industry involvement among communities impacted by the War on Drugs, with the majority of that money going toward small grants and low-interest loans.… Read More→