SAN FRANSCISCO, CA – The city of San Francisco was given at $4.5 million state grant intended to go towards promoting equity in its booming cannabis industry.
According to a report by KRON, the city’s Office of Cannabis (OOC) will put the money into its Equity Grant Program with the goal of eliminating inequities brought about by past cannabis policies.
Nikesh Patel, director of the COO, believes the Equity Grant Program will help to develop program that not only meets the needs of those negatively affected by past policies, but also helps to reduce barriers preventing people from entering the industry.
“From a historical lens, the Equity Grant Program represents government proactively addressing drug policies that have harmed our communities,” said Patel. “We hear from social equity applicants just how powerful these grants are to advance their businesses.
Recipients of the grant will be awarded anywhere from $50,000 to $150,000 as a reimbursement of advanced payment for expenses like rent, legal assistance, accounting services, and more.