City gives cannabis entrepreneurs a boost
Aspiring Boston cannabis entrepreneurs can get a head start through collaboration between the city and local cannabis advocates.
Mayor Michelle Wu announced details of Boston Cannabiz 101, a series of free information sessions on the cannabis industry and entrepreneurship. The January program, a city collaboration with the Core Empowerment Social Justice Cannabis Museum in Jamaica Plain, is aimed at entrepreneurs interested in running a cannabis business in Boston.
The hope, officials said, is to increase the number of private-owned cannabis licensees and business applicants in the city. Boston officials aim to stimulate black, Latino, Asian and Indigenous communities, which have been disproportionately affected by the “war on drugs.”
“As we build a cannabis industry in our city, it is crucial to uplift communities that have suffered the harms of previous marijuana laws and enforcement,” Wu said. “I encourage all of them. entrepreneurs interested in using these resources to ensure equitable growth for this emerging industry. “
In November 2019, Boston passed an ordinance to help pave the way for these minority communities to thrive within the industry. A state zoning law requires the city to have at least 52 licensed cannabis facilities.
Wu’s office said the three-day sessions will help identify a pipeline of capital applicants and cannabis entrepreneurs.
Interested entrepreneurs can attend the free sessions on January 18, 19, and 20 at the Core Cannabis Museum on Center Street in Jamaica Plain. The series will cover everything a cannabis business owner needs to know to be successful, according to the organizers.
Some highlights of Cannabiz include:
- The legislative history of cannabis legalization
- The need for social justice within the industry
- Cannabis Control Commission (CCC) license types and operating procedures
- How to finance a cannabis business
- How to start a company
- Boston City Host Community (HCA) Agreements
- Site control
Interested attendees can RSVP on Eventbrite. The seats are limited.
What you need to know about the Boston Cannabis Equity Candidate Fund
Part of the Boston Equity Program, the Boston Cannabis Equity Fund provides funding to certified applicants and licensees for a wide range of purposes, including working capital, start-up costs, construction, purchase of equipment and rental assistance. The program offers grants between $ 1,000 and $ 15,000.
Applicants to the Cannabis Equity Fund must be certified as an Equity Applicant in order to participate.
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