Social Equity In Cannabis Gets $27M Boost In MA, But Will Federal Changes Leave Some Behind?
The Massachusetts Cannabis Social Equity Trust Fund, designed to aid entrepreneurs from communities most affected by prohibition, now boasts over $27 million.
By February 2024, the fund had received its first full annual transfer of $27.4 million, largely supporting businesses through grants ranging from $20,000 to $50,000.
A second round of funding is being developed, aiming to expand eligibility and offer enhanced support for operational and capital needs.
Federal Marijuana Reform On The Horizon?
With the upcoming U.S. presidential election, speculation around cannabis reform is intensifying. VP and presidential candidate Kamala Harris, a proponent of cannabis legalization, is seen by some lawmakers as likely to advance marijuana reform bills if …