Colorado might have one of the longest-standing adult-use marijuana markets in the U.S., but its program is still evolving—most recently with the House passage of a bill to increase the lawful possession limit and the governor signing legislation to create a social equity fund for the cannabis industry. On Sunday, Gov. Jared Polis (D) visited a marijuana dispensary in Denver to sign a measure that would establish a program within the state Office of Economic Development and International Trade that’s intended to support cannabis businesses owned by people who qualify as social equity licensees, primarily people most impacted by the drug war. It will provide those individuals with loans for “seed capital and ongoing business expenses,” as well as grants “to support innovation and job creation,” according to a bill summary. It also makes technical assistance available to marijuana business owners.

Kyle Jaeger, Marijuana Moment, 03/23/2021 08:57:00

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