Wednesday, September 28, 2022

Colorado Office of Cannabis Business to Promote Social Equity

DENVER – Gov. Jared Polis, Colorado, has announced the establishment of a Cannabis Business Office to promote social equity, provide financial and technical assistance to entrepreneurs and create $ 2.2 billion in the marijuana industry.

The office was approved by legislation passed during the Legislature’s session in 2021, which initially provided $ 4 million from the state’s marijuana cash tax fund for its operations.

It will in part provide microloans and seed allowances for capital and business costs, as well as planning advice and other support to business owners, especially in economically disadvantaged areas. This will help business owners, especially people of color, whose marijuana arrests or convictions in the past have hampered their access to the industry.

Nation World News Desk
Nation World News Desk
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