The grant program has issued more than $5.5 million to more than 50 businesses since the city launched it in February 2021. Roughly 65 percent of past grant recipients are people of color.
According to city officials, $2 million in new cannabis equity grants will be made available in May. The city of San Francisco has received a $4.5 million state grant to promote equity within the city’s cannabis industry, city officials said Friday.
The grant from the state’s Office of Business and Economic Development will support the Equity Grant Program within San Francisco’s Office of Cannabis, according to city officials. The grant program has issued more than $5.5 million to more than 50 businesses since the city launched it in February 2021. Roughly 65 percent of past grant recipients are people of color, according to the city.
“From a historical lens, the Equity Grant Program represents government proactively addressing drug policies that have harmed our communities,” Office of Cannabis Director Nikesh Patel said in a statement. “We hear from social equity applicants just how powerful these grants are to advance their businesses.”
Grant recipients can use their funds, with awards ranging from $50,000 to $150,000, to reimburse or advance expenses like legal assistance, regulatory compliance, rent and accounting services.Information about applying for a cannabis business grant can be found on the city’s website at https://sf.gov/step-by
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Matt Haney’s Assembly victory means for the future of housing - The San Francisco ExaminerWith Matt Haney’s recent victory in the Assembly District 17 race, politicians’ perspectives on housing development is becoming an important new litmus test.
Read more »
Brand-new public park opens in the historic Presidio - The San Francisco ExaminerIt's a beautiful day in The City. Get outside and check out The City's newest park, a six-acre urban oasis on the Presidio’s northern tip.
Read more »
Visual art show ‘Terra Incognita’ spans decades of work documenting Black trauma - The San Francisco ExaminerIn one of the show’s large-scale pieces, '2009 Sideshow,' David Huffman combines Oakland and Los Angeles car culture and highlights how the two cities have a history of Black liberation as well as racial unrest.
Read more »
Umang Gupta, Silicon Valley trailblazer, dies at 73 - The San Francisco ExaminerUmang Gupta, a Silicon Valley executive who helped drive two trends in business software while blazing a trail for Indian-born entrepreneurs, died Tuesday at his home in San Mateo. He was 73.
Read more »
State bill would regulate light pollution - The San Francisco ExaminerAssemblymember Alex Lee, D-Milpitas, introduced AB 2382, which requires all lights installed or replaced on state structures after the new year to have shields to redirect light, have an automatic or manual shutoff mechanism or be motion-activated.
Read more »
Elon Musk to buy Twitter for $44 billion - The San Francisco ExaminerICYMI: The agreement caps what had seemed an improbable attempt by the mercurial Elon Musk to buy the social media site — and immediately raises questions about what he will do with the platform and how his actions will affect online speech globally.
Read more »