📣 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.
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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