📣 Announcing the 2022-23 recipients for the Cannabis Equity Grants Program for Local Jurisdictions 📣
This program aids local efforts to support equity applicants & licensees through technical support, regulatory compliance assistance & assistance securing startup capital. https://t.co/DPozfRykGI
— GO-Biz (@CAGoBiz) February 10, 2023
Marijuana Moment write
California officials on Friday announced that they’ve awarded $15 million in grants to support local efforts to promote equity in the marijuana industry.
The Governor’s Office of Business and Economic Development (GO-Biz) distributed the funds to 16 cities and counties across the state through the Cannabis Equity Grants Program for Local Jurisdictions. Applications opened for the program late last year.
The grants for this fiscal year’s awardees range from $350,000 for the San Diego County to $1,996,487 for Oakland.
GO-Biz started accepting applications for an earlier round of grants under the program in 2021, with a total of $35 million made available for localities across the state. This and the next year’s funding cap is set at $15 million.
The department separately distributed a round of community reinvestment grants last year totaling $35.5 million with tax revenue generated from recreational marijuana sales.
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California Awards $15 Million In Grants To Support Local Marijuana Equity Programs