The State of Michigan is on the verge of implementing the Solomonic solution for cannabis social equity that leverages the free market. Last month, the state’s Marijuana Regulatory Agency proposed creating the Michigan Marijuana Market, “a crowdfunding platform housed and supported on the MRA website that serves as a portal for local investors and local marijuana businesses located in disproportionately impacted areas to gather and invest.”
If enacted, the Market would be a unique way for individuals to make small equity investments in cannabis businesses in local communities of color.
The brainchild of insurance broker Cimone Casson, the Michigan Marijuana Market is a potential game changer for Black and brown entrepreneurs who don’t have access to wealthy investors, but do have broad support among middle class communities of color.
To read more, click on https://grownin.com/2021/02/18/michigan-prepares-to-harness-free-market-to-boost-social-equity-cannabis-business-ownership/
