Just three out of 11 cannabis dispensaries are fully complying with voluntary social equity commitments they made three years ago to improve their chances of obtaining a license in a highly competitive lottery system, MiBiz has learned.
However, some city officials and cannabis companies attempting to comply say the program includes unrealistic goals and needs to be revised, and it’s unclear whether non-complying operators will be penalized.
The city instituted its Marijuana Industry Voluntary Equitable Development Agreement (MIVEDA) when it started considering medical cannabis dispensary applications in April 2019. The program allowed applicants to earn points for promising measures such as local ownership and supplier diversity to encourage equitable business models.
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