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Keywords: "social equity"

MI marijuana rules changes include new licenses, lower fees, social equity

The Michigan Marijuana Regulatory Agency released a set of proposed rules for cannabis business, including two new license types and reduced fees. The two new licenses include an educational research permit and a newly expanded microbusiness license, MLive.com reported. The agency is also proposing the following reduction in fees: From $6,000 to $3,000 for marijuana […]

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Cannabis group drops suit against Los Angeles over social equity licensing

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 […]

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Lawsuits pile up over Illinois social equity marijuana licensing

No surprise here: The do-over of social equity marijuana business licensing in Illinois is sparking litigation. But these lawsuits point to specific alleged scoring errors, rather than challenging the entire process, so it looks unlikely at this point that the claims will derail additional licensing rounds later this month. According to Law360, High Haven Dispensary […]

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Illinois faces legal challenge to latest marijuana social equity licensing plan

A Michigan-based cannabis company is trying to stop Illinois’ already long-delayed process for issuing additional retail recreational marijuana licenses. The federal lawsuit filed by Sozo Illinois comes on the heels of Illinois Gov. J.B. Pritzker signing legislation that created two lotteries to issue a total of 110 retail licenses beginning July 29 as well as […]

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

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 […]

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

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 […]

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Washington state bolsters marijuana social equity program

Washington Gov. Jay Inslee signed into law a bill that strengthens a social equity program enacted in 2020 to provide more marijuana retail opportunities to minority businesses in the state. This year’s measure, HB 1443, expands and further defines a social equity program that provides retail license priority, grants and other technical assistance to individuals […]

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

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 […]

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California awards $15 million more in cannabis social equity grants

California is handing out $15 million in grant money to 10 cities and counties that have adopted social equity programs to help get minorities and those harmed by the war on drugs involved in the legal marijuana market. The new allotment, awarded by Gov. Gavin Newsom’s Office of Business and Economic Development and the state Bureau […]

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