BCC Now Accepting Applications For Equity Grant Funding

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In 2018, the California State Legislature passed SB1294, a bill aimed at lowering barriers to entry into the legal cannabis industry for these who have been impacted the most by prohibition.

Also identified as the California Cannabis Equity Act of 2018, the bill provided technical help, regulatory compliance help, and support acquiring the initial funds to start out a cannabis small business.

The bill stated that arrests, convictions, and lengthy-term collateral consequences fell upon Black and Latinx individuals disproportionately in the course of prohibition even though the price of use was almost identical across all races.

SB1294 cited information from the California Division of Justice from 2006 to 2015 displaying that Black Californians had been 5 occasions much more probably to be arrested for cannabis felonies than White Californians and Latinx Californians had been 35 occasions much more probably to be arrested for marijuana crimes.

The Bureau of Cannabis Manage (BCC) announced on Wednesday that it is accepting applications for grant funding by means of nearby equity applications as authorized by the Equity Act.

“We’re excited to release the equity grant application approach for nearby jurisdictions,” stated BCC Chief Lori Ajax. “This funding is a substantial step toward supporting and encouraging equity applicants and licensees with entry into California’s industrial cannabis market.”

A total of $10 million has been appropriated to the BCC to award to cities and counties to help applicants and licensees by means of nearby equity applications focusing on inclusion and help for these impacted negatively and disproportionately by prohibition.

Eligible nearby jurisdictions that apply for grants in a timely manner will be awarded a minimum of 100,000 unless a lesser quantity is requested.

For consideration, applications should be submitted on-line amongst July 31, 2019, and August 31, 2019.

Grant funds will be awarded no later than June 30, 2020.


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