Social Equity Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Once the Face of the State’s Cannabis Loan Fund, He Now Fears Foreclosure

All cameras were on Roland Conner when he first opened, but in a fate experienced by other store operators, his deal’s costly requirements are threatening his dreams. In June, Roland Conner sat down to compose a letter to the creditors…

Navigating the Double-Edged Sword of Federal Cannabis Legalization

November 5, 2024
Sundie Seefried
Op-Ed
0 Comments

By Sundie Seefried The debate over federal cannabis legalization and state autonomy is one of the most closely watched issues in the U.S., with both significant opportunities and substantial challenges at stake. As more states legalize cannabis for both medical…

Ethos Cannabis CEO Gibran Washington on Growth and Profitability

July 9, 2024
Tom Hymes
Company Stories, News & Insights, Pennsylvania, Spotlight
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Based out of Philadelphia, Ethos Cannabis is one of those rare beasts in the cannabis realm, a profitable multistate operator whose growth trajectory is up and under control, and whose ambitions, borne of discipline and focus, are seen by its…

Minnesota Social Equity Verification: Key Dates Start June 21

By Aaron John, Attorney at Harris Sliwoski The Minnesota cannabis social equity initiative As Minnesota continues to develop its legal cannabis industry, the Minnesota Office of Cannabis Management (OCM) has taken significant steps to ensure that the process is inclusive and equitable.…

How Private Equity Trumped Social Equity in State Cannabis Deal

Confidential documents obtained by THE CITY reveal how Chicago Atlantic Group became one of the biggest beneficiaries of the state’s legalization program. Last June, Gov. Kathy Hochul announced that a much anticipated deal had finally been reached to fund a…

CT Cannabis/Hemp Bill Nears House Vote (UPDATED)

April 4, 2024
Tom Hymes
Compliance and Regulations, Connecticut, News & Insights
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Fresh off its passage by the General Law Committee, a substitute for HB5150 – An Act Concerning Cannabis and Hemp Regulation – received a favorable report by the Legislative Commissioner’s Office of the Connecticut General Assembly on Tuesday, and was…

Virginia Legislation Details Micro Business Funding Criteria for Retail Cannabis Market

Virginia’s plan for a recreational cannabis market includes a way to help micro-businesses, formerly known as the social equity license, get involved with what is anticipated to be a multimillion-dollar business — if the plan survives the governor’s desk. The…

The ‘Simple People’ Are Legislating in CT

February 27, 2024
Tom Hymes
Compliance and Regulations, Connecticut, News & Insights
2 Comments

Connecticut legislators were unprepared for the large number of people who showed up last Thursday to testify before the General Law Committee and had to move the proceedings to a larger chamber to accommodate everyone. It was a simple mistake…

CT Bill Would Prohibit Cannabis Discounts

February 26, 2024
Tom Hymes
Compliance and Regulations, Connecticut, News & Insights
0 Comments

421 bills have thus far been introduced for consideration by Connecticut’s General Assembly in the 2024 legislative session, which was convened February 7 and runs until May 8. Among the bills are half a dozen that deal in some way…

Judge Approves ‘Fiore’ Settlement, Ending Injunction

December 2, 2023
Tom Hymes
Compliance and Regulations, Letters to the Editor, New York
0 Comments

That penetrating sound emanating from New York Friday evening was the collective sigh of relief from hundreds of provisional CAURD licensees upon hearing the news that Supreme Court Judge Kevin Bryant has signed the stipulated settlement that had been reached…

Maryland Cannabis Administration opens social equity round of business license applications

November 15, 2023
AggregatedNews
Maryland
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The application process for Maryland’s first round of cannabis business licenses, set aside for social equity candidates, opened Monday after over 1,000 people were granted the status. As part of the Cannabis Reform Act of 2023, the state established at…

Report Scores California on Cannabis ‘Health’

A non-profit called the Public Health Institute (PHI) this week released its 5th annual State of Cannabis Report, which offers snapshot scorecards of jurisdictions in almost every county in the state. A product of PHI’s Getting it Right from the…

The cannabis industry still lacks diversity. Improving access is a joint effort

With large cannabis companies reporting $1 billion in annual revenue and the big dispensary chains operating in more than a dozen states, it’s time to assess what the marijuana industry is doing to achieve social and economic equity, according to three insiders who…

How To Win A New Jersey Cannabis License With Gary George

September 5, 2023
Pam Chmiel
New Jersey
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New Jersey natives Gary and Marie George had no intention of entering the cannabis business until their son approached them asking for help applying for a dispensary license. Realizing the valuable knowledge they gained during the application process, they started…

New regulations aim to level the marijuana playing field in Massachusetts

When marijuana was legalized in Massachusetts, Commonwealth leaders said it wasn't just big business that was going to profit, yet the promises that everyone would have an even chance at the now-billion-dollar industry have not materialized. With that in mind,…