SACRAMENTO – The Bureau of Cannabis Handle (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 was appropriated $10 million to award to cities and counties assisting equity applicants and licensees via their regional equity applications focusing on inclusion and help of persons in the cannabis business who have been negatively or disproportionately impacted by cannabis prohibition.
“We’re excited to release the equity grant application course of action for regional jurisdictions,” Bureau Chief Lori Ajax mentioned. “This funding is a substantial step toward supporting and encouraging equity applicants and licensees with entry into California’s industrial cannabis business.”
To apply for grant funding, a regional jurisdiction ought to submit an application and the necessary documentation electronically via an on the net portal among July 31, 2019 and August 30, 2019. The application and added information and facts about the equity grant recommendations and course of action can be discovered right here –https://www.bcc.ca.gov/about_us/equity_grant.html, or, below the “About Us” section of the Bureau’s web-site.
All grant funds will be awarded no later than June 30, 2020. Neighborhood jurisdiction applicants that submit timely applications and meet the eligibility specifications will acquire a minimum grant of $100,000 unless a lesser grant quantity is requested. Only regional jurisdictions are eligible for grant funds.