Here’s the press release………
SACRAMENTO – The Bureau of Cannabis Manage (Bureau) announced nowadays that it is accepting applications for grant funding authorized by The California Cannabis Equity Act of 2018 (Equity Act) established by Senate Bill 1294. The Bureau has been appropriated $10 million to award to cities and counties to help equity applicants and licensees by means of equity applications that concentrate on inclusion and help of persons in the cannabis sector, who are linked to populations or neighborhoods that had been negatively or disproportionately impacted by cannabis criminalization.
“The Bureau is excited to open the application approach for the equity grant funding,” Bureau of Cannabis Manage Chief Lori Ajax stated. “This funding is a substantial step in supporting equity applicants with entry into the cannabis sector, as nicely as to offer help to equity licensees.”
All grant funds will be distributed no later than June 30, 2019. Applicants that meet the eligibility needs and submit timely applications will get a minimum grant of $100,000, unless a lesser grant quantity is requested. Only cities and counties are eligible for grant funds.
Applications need to be submitted electronically by means of an on the net portal among March 1, 2019, and April 1, 2019. The application and additional facts about the equity grant recommendations and approach can be located right here –https://www.bcc.ca.gov/about_us/equity_grant.html, or below the “About Us” section of the Bureau’s site.