Michigan’s Cannabis Regulatory Agency is offering for the first time $1 million in grants to its social equity licensees for employee education, business needs or community investment to encourage participation in the industry by people from communities that have been disproportionately impacted by marijuana prohibition and enforcement.
The Social Equity Grant Program, with funds allocated by the Michigan Legislature, is open to applicants who have a recreational marijuana license from Michigan’s CRA and have eligible Social Equity Program participants — a state program for licensees who have a marijuana conviction or live in a disproportionately impacted community, for example — who have majority ownership of the entity.
They also must participate in the agency’s “Social Equity All-Star Program,” a program that recognizes licensees who spend a dedicated percentage annually with diverse suppliers or publish their social equity plan on the CRA’s website, for example.
The amount each awardee receives depends on how many licensees apply and will be distributed equally among eligible applicants. Applications will be accepted until Jan. 26.
Read more at MSN