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Keywords: "social equity"

Cannabis group drops suit against Los Angeles over social equity licensing

Published August 23, 2021

Three cannabis companies withdrew their year-old federal lawsuit against Los Angeles over the city’s controversial social equity licensing program. ARMLA One, ARMLA Two and Gompers SocEq voluntarily dropped the suit without explanation, according to a one-page filing in U.S. District Court in central California. According to the filing, each side will pay its own legal […]

Image of a court gavel and marijuana leaf

Investors key in on social equity, sustainability – even in cannabis

Published June 16, 2021

While business fundamentals will – and absolutely should – continue to be critical factors in investments, more funds are adapting their models to include activities viewed as beneficial to the broader world, including: Sustainability Social equity The shift isn’t just in cannabis. More individual investors want to ensure their dollars are going to firms that […]

Vermont passes law to assist cannabis social equity applicants

Published June 9, 2021

Vermont Gov. Phil Scott signed a bill into law that will set up a fund to aid people of color and others impacted by the War on Drugs to open licensed cannabis companies.

Handful of cannabis retailers finally open under L.A. social equity program

Published May 21, 2021 | By Chris Casacchia

The Artist Tree in Koreatown is open for business – finally. The Los Angeles cannabis retailer – which operates under the holding company TAT Koreatown – received temporary approval from the city to operate in mid-April, nearly 20 months after signing a lease on its 2,200-square-foot property on Western Avenue. The Artist Tree is one […]

CA marijuana social equity advocates demand help, threaten to sue state

Published May 18, 2021

A coalition of stakeholders from across California joined forces to deliver a message to Gov. Gavin Newsom and the state Legislature: Help victims of the war on drugs get into the legal cannabis industry or face a court fight. Kika Keith, president of the Los Angeles-based Social Equity Owners and Workers Association, and other social […]

Table showing the differences between the marijuana social equity programs in New York and Illinois.

New York’s marijuana social equity program eyed as possible game changer

Published April 23, 2021 | By Jeff Smith

New York recently enacted an adult-use marijuana law that many industry experts believe has the most robust provisions yet for including minorities, women, war veterans and struggling farmers in the state’s newest industry. But when the recreational marijuana market launches in 12 to 18 months, will New York be on the path toward becoming the […]