The Cannabis Regulatory Agency’s (CRA) social equity team is thrilled to announce that the Social Equity Grant Program (SEGP) will be returning for Fiscal Year 2025!
One million dollars will be divided equally between entities that meet the following criteria and apply by the deadline:
- Have a valid adult-use license authorized and issued by the State of Michigan’s Department of Licensing and Regulatory Affairs, CRA, and
- Currently have eligible social equity program participants (have been approved by the CRA for the program and are active in the program) that have majority ownership (over 50%) of the entity, and
- Are a certified participant in the CRA’s Social Equity All-Star Program.
Funds available through the SEGP come in the form of grants from the state and must be spent in one or more of the following categories:
- Funds spent on employee education may be used for an employee of the entity to take one or more classes or courses that are relevant to the entity’s business from an accredited institution.
- Funds spent on business needs may be used towards compliance with licensing and regulatory statutes and rules.
- Funds spent on community investment may be used on or donated to organizations, non-profits, and/or charities that positively impact the community in which the entity is located.
Applications for the FY 2025 SEGP will be accepted from November 1, 2024 through November 30, 2024 and will be available soon online on the CRA website.