A new Colorado workgroup focused on equity in the cannabis industry held a four-hour meeting this week to jumpstart the conversation. The Colorado Marijuana Enforcement Division’s workgroup is focused on the implementation of two bills. First is the HB20-1424, a social equity bill, and the second is HB20-1080, which will loosen residency requirements in the industry. The residency bill goes into effect on September 14, while the equity bill is scheduled to take effect on January 1, 2021. Many inequity issues came up during Denver’s workgroup meetings this week including; the need for more capital to help lift equity applicants’ businesses off the ground, licensing caps, job opportunity zones, local partnering, budget constraints, and equity program evaluation.

– Alyson Martin, Cannabis Wire, 07/30/2020 8:00:00 PM

Open article: https://cannabiswire.com/2020/07/31/colorado-new-state-work-group-holds-first-meeting-on-cannabis-equity/