The U.S. cannabis industry’s record on social equity is patchy at best, and it is the large multistate operators who have generally failed so far to take significant leadership on the issue, according to social equity advocates.
Recent news might well support that claim.
For example, just as Washington state is enacting a new law giving social equity applicants exclusive rights to revoked cannabis licenses, Phoenix-based Harvest Health & Recreation was fined $500,000 by Ohio regulators who charged the MSO falsely claimed minority ownership in a company subsidiary to boost its chances of gaining licenses in the state.
MSOs are beginning to take the issue more seriously, but their efforts so far are still lacking, according to social equity advocates.
To read more, click on https://mjbizdaily.com/experts-say-cannabis-multistate-operators-lag-on-social-equity-leadership/