Across the state of California, the social equity programs for cannabis companies vary widely in effectiveness based on municipality. Many advocates argue even cities that have awarded social equity licenses there are shortfalls because many minority businesses lack capital support, they need to succeed in the overly competitive California market. According to the state, there are only a handful of social equity programs and an even smaller fraction of the 100-some cities and counties that have licensed marijuana businesses. Furthermore, cannabis Industry analysts criticize the social equity program arguing that the licensing process has been plagued by corruption, including predatory investors.
– Marijuana Business Daily, 07/23/2020 6:30:00 AM