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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 and social equity.

Vermont Gov. Phil Scott signed a bill into law to establish a fund to help people of color and others impacted by the war on drugs to open licensed cannabis companies.

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.

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.

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.

Marijuana companies face mounting pressure from advocates, consumers and regulators to address the lack of diversity within the cannabis industry.

Social equity programs are a relatively new phenomenon in the U.S. cannabis industry, with the aim of getting more minorities and those with marijuana-related convictions involved in the legal sector.