The Bureau of Cannabis Control (Bureau) has submitted a report to the Legislature on local jurisdictions awarded equity grant funds authorized by the California Cannabis Equity Act of 2018 (Equity Act) and the Budget Act of 2019. Both the Equity Act and the Budget Act of 2019 require the Bureau to submit a report to the Legislature on the progress of local cannabis equity programs in local jurisdictions that received grant funds pursuant to these provisions. The report addresses all the equity grant funding awarded by the Bureau and the Governor’s Office of Business and Economic Development (GO-Biz). Funds were granted to local jurisdictions to provide direct technical assistance to local equity applicants and licensees through their local equity programs.
To date, the state has awarded a total of $40 million to local jurisdictions in equity grant funding. The Bureau was initially appropriated $10 million in funding and awarded funds to 10 local jurisdictions in October 2019. Additionally, the Bureau and GO-Biz were each appropriated $15 million in equity grant funding. As allowed by the Equity Act and subsequent legislation, the Bureau entered into an interagency agreement with GO-Biz to administer the process for its $15 million in grant funding. In April 2020, GO-Biz awarded $30 million in grant funding on behalf of GO-Biz and the Bureau.
To view and download a copy of the report, please click the following link:https://bcc.ca.gov/about_us/equity_grant.html