Sacramento lawmakers voting on $5.8M grant to help legal cannabis market + Document

ABC News 10 reports

SACRAMENTO, Calif. — While California’s Department of Cannabis Control greenlit about $5.8 million in grant funds for the Sacramento Office of Cannabis Management on Dec. 24, 2021, the City Council has the final say on whether to accept the money.

The council is expected to vote on a final stamp of approval at Tuesday evening’s meeting with more than $3 million being awarded because of Sacramento’s Cannabis Opportunity Reinvestment and Equity (CORE) Program.

The funds come at a time when about 82% of the state’s cannabis licensees still held provisional licenses. As of April 2021, according to the governor’s office, there are more unlicensed retailers working in the state than licensed distributors.

Prospective cannabis retailers with smaller financial backing, often small business owners of color, struggle to comply with the list of necessary documents, plans, permits and licenses.

Anywhere between $16,640 and $33,610 in fees would also have to be taken care of before a retailer can open their doors to commercial sale, according to the city.

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https://www.abc10.com/article/news/local/sacramento/sacramento-voting-on-grant-saving-legal-cannabis-market/103-727315a7-0930-4500-90ce-34d743415cef

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