Prop 207: What Does it Mean for Arizona?

Prop 207, also known as the Smart and Safe Act, was passed by voters on November 3rd, 2020 and legalizes the adult recreational use of marijuana. There are, of course, rules associated with this so lets explore what this means for both Arizona consumers and the Arizona cannabis industry. 

What does this mean for the consumer?

One of the most important benefits of Prop 207 is that it is expanding access to cannabis for consumers. This is great news because many people are unable to participate in the Medical Marijuana program for various reasons. The Adult Use program removes many barriers for those prospective consumers. 

Prop 207 also allows adults 21 and older in Arizona to possess up to 1 ounce (28 g) of marijuana (with no more than 5 grams being marijuana concentrate). They can also have up to 6 marijuana plants at their home with up to 12 marijuana plants in households with two or more adult members provided they are not accessible to minors and not visible from public view. 

Beginning July 12, 2021, individuals may petition the court for expungement from their record of a wide variety of marijuana related offenses. Additionally, penalties for remaining offenses have been significantly lowered. For instance, possession of an amount of marijuana greater than the 1 ounce limit but less than 2.5 ounces is a petty offense. 

It is important to note that employers can still restrict or prohibit the use of marijuana for their employees. While rules about discriminating against Medical Marijuana patients remain in place, there is no such protection for Adult Use consumers. 

What Does This Mean for the Industry?

Prop 207 will provide more opportunities to establish new and grow existing marijuana industry businesses. Applications for new marijuana establishments will be accepted beginning January 19, 2021. This is great news because the customer base will naturally expand allowing more businesses to compete and succeed.

It also allows marijuana to be subject to state and local sales taxes like other retail items, and imposes an additional 16% excise tax on marijuana products. Though the tax is significant, the funds will be spent throughout the state to improve communities. Revenue will be split between the state government agencies responsible for activities relating to the act, highways, community college districts, police departments, and fire departments.

After the initial licenses are awarded a Social Equity Plan will be created and  implemented in order to promote ownership and operation of marijuana establishments by individuals from communities disproportionately impacted by the enforcement of previous marijuana laws. Twenty-six social equity licenses will be granted.

Want to know more? You can learn about Prop 207, and even read it in its entirety, here

Now is a great time to start thinking about your new AZ Adult Use License application and Adilas420.com can help! We have years of cannabis experience that we can put to work for you. Contact us today to discuss your license application needs and get a quote. 

Adilas: Who Uses It?

Have you been considering implementing an ERP (Enterprise Resource Planning) software but are wondering which is right for your  company? Adilas is the answer you have been searching for. It is so flexible that it can be adapted to any industry and any business no matter the size.   

What is Adilas? 

Adilas is an inventory control and accounting software trusted in dozens of industries around the world, for nearly 2 decades. It offers software as a service (SaaS) for any company at any size. It is a one-stop solution to all your data needs. Affordable, powerful, and customizable, dynamic software that allows data to be tracked, connected, accessed, and searched on the cloud. It is one of the most powerful dynamic systems at an affordable price for any company. Customization allows adaptation to any corporation’s workflow.

Who Uses Adilas?

Agriculture – Farms, Garden Centers

Agricultural companies can use Adilas to track their business from seed to sale. Track plants and all the inventory created from those plants in one easy to use software. 

Medical – Chiropractor, Dentist, Pharmaceuticals, Private Practice

Adilas provides customer tracking, scheduling, custom documentation, and inventory tracking, allowing you to know the who, what, where, when, and why of your facility at all times. The system automatically brings all existing patient data to your fingertips. It can record product to client usage; document job cost for tools, equipment, and expense; and also include customer logs that track calls, follow-ups, visits, and more. 

Dealerships – Automotive, Motorsport, RV, Trailer

Adilas was originally created for dealerships so many of its features were designed to capture the essential data used by dealerships in their daily operations. It is capable of tracking client preferences, past purchases, customer logs, and all the various ways that a client has interacted with your dealership. Track by serialized inventory, barcodes, vendors, or any other way that fits your dealership. Within Adilas is a powerful, dynamic sales tracking process. This includes such aspects as repairs, materials, job costing, shipping, and more. 

Distribution – Wholesale

A company that focuses Distribution could also track their business using Adilas. Not only can you track inventory, you can also easily track sales and deliveries. 

Services – Landscaping, Mechanics, Plumbers, Electricians, Contractors

As a service provider you are acutely aware that it is crucial to track and record information regarding your business endeavors. Adilas provides time-saving features that maximize your workflow. It also provides live, up to date data to help you make the best decisions in real-time situations. Adilas allows you to track customer preferences and requests. It can tie expenses to individuals or specific jobs. It can also allow you to set up time scheduled invoicing. Using Adilas, you can determine your own cost efficiency per project. We show you your expenses, the materials used, and the time spent to achieve total job clarity. This information allows you to make accurate bids, increasing your bottom line. 

Human Services – Counselors, Schools, Churches

Safely secure vital and private information; keep patient logs, history, and pertinent documentation. Securely access information anytime, anywhere. Track finances, inventory, administrative needs, building maintenance, etc. Adilas allows you to create order out of your informational chaos. 

Retail – Shops

Adilas not only includes necessary inventory tracking but also includes a full point of sale system as well as financials tracking. Our integrated system allows businesses to track all items from purchase to stocking to sales and so much more. 

Project Management

Adilas provides a complete resource for tracking all elements (time, expenses, duration, etc.) that pertain to any given project. 

Industry – Manufacturing, Assembly, Industrial Shipping and Packing

Order, assemble, build, package, and ship. Adilas will track all the information. Whatever your process and procedure needs are, Adilas can adapt to track your information. It’s your flow, your way. Track your inventory at every step of the process: details of packing, where they’re going, when they’ve arrived, and any other data you need. Within the Adilas system you can use barcodes and/or RFID tags for all your packaging processes.

E-Commerce – Online Sales

In addition to all the features listed above, you can track your inventory and have it linked directly to your E-Commerce site to show your inventory online in real time. 

We Can Help!

Interested in what Adilas can do for your business? Contact us today to schedule a demonstration. We would love to show you exactly how Adilas can work for you.

Enterprise Resource Planning: 7 Reasons Your Startup Needs it Sooner Than Later

Starting a business is hard. There are so many things to keep track of and you will likely find yourself turning to software solutions to lighten the load. When you start looking for software to solve various problems, remember that working smarter is better than working harder. Toward that end, you should definitely consider implementing an ERP (Enterprise Resource Planning) solution. 

What is ERP? ERP is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources. 

Maybe your business is relatively small and implementing ERP seems like overkill. It may feel that way but I can promise it is definitely not. Here are seven ways an ERP can benefit your business from the beginning. 

Save Money 

Training and implementation can be time consuming and expensive but you can save money by only having to train on and implement one software rather than multiple. An ERP unifies many of the systems that may currently be fragmented in your organization, saving you money since you have to pay for one instead of many softwares. By unifying systems, you help your staff utilize their time more efficiently, also saving money. An ERP also reduces errors brought on by working with the incorrect or redundant data, further lowering costs.

Manage Business Relationships

Enterprise resource planning can also help you manage relationships across the business including customers, vendors, and employees. 

With an ERP, your CRM (customer relationship management) has access to data across business functions. Along with contact information, an integrated CRM can show you details such as order history and billing information. This enables your team to see your clients more holistically and to gain a better understanding of their wants and needs. The increased customer visibility helps you formulate your sales strategy for improved lead generation. Vendor management is not much different. You will be able to see not only the company details but view the history of and report on transactions that occurred. Employee ERP tools can include payroll and HR Document retention as well as controlling system access levels, ensuring staff see only what is relevant to their position.

Manage Inventory

A major challenge for growing companies is tracking and monitoring their expanding inventory levels. An ERP can utilize barcoding, RFID tags and serial numbers to keep tabs on your inventory at every stage during the supply chain. These tools help you keep track of inventory levels, which items are in transportation and which items are on the shelves ready for consumers. The increased visibility optimizes the pick, pack and ship process greatly, removing all the guesswork. Inventory monitoring also bolsters reporting, as tracking technologies provide more accurate numbers. With the greater precision provided by ERP, you can get real-time data on your inventory to make more accurate business decisions.

Manage Production Planning and Resource Management

Along with managing your inventory, ERP also manages manufacturing. Enterprise resource planning provides insight into all manufacturing operations including the shop floor. This enables users to optimize production schedules, equipment and labor to maximize capacity.

Streamline Processes

From product development to accounts payable, your staff will be able to access all the necessary tools for their job from one centralized system. An ERP can automate some of your most tedious tasks including financials tracking, inventory control, and project planning.

Analytics and Reporting

Since an ERP records and stores all the data users input, it makes for an excellent business intelligence tool. Enterprise resource planning software makes it easier and faster for your team to generate reports. Reports that could take days of research and compilation without an ERP takes just minutes. Easy access to these reports enables you and your team to make better decisions more quickly. 

Compliance and Risk Management

it can be difficult to keep track of all the different regulations imposed on your business. Many ERP offerings are built with these regulations in mind to help you maintain compliance at every stage. Moreover, ERP software provides built-in auditing tools to assist with documenting things like chemical use and tax provisions. This makes it incredibly easy to formulate reports and send them over to the relevant governing body. 

Also, ERP often provides tools to manage risk. Enhanced reliability and accuracy improve overall financial management since there’s less chance for errors during accounting. Reporting tools also allow users to predict events when it comes to demand, labor and budget. With this information in hand, you can create more secure budgets, schedules and product development plans.

Start Early

Even a small business can create lots of data that needs tracking. That is why It is always easier to implement ERP in the beginning rather than migrate large amounts of data later when it becomes more than a necessity.

Adilas

With a robust and comprehensive suite of tools, Adilas is a full ERP solution that allows you to manage all parts of your business from one easy to use software. It is an inventory control and accounting software trusted in dozens of industries around the world, for nearly 2 decades. Adilas offers software as a service (SaaS) for any company at any size. It is a one-stop solution to all your data needs. Affordable, powerful, and customizable, dynamic software that allows data to be tracked, connected, accessed, and searched on the cloud. It is one of the most powerful dynamic systems at an affordable price for any company. Customization allows adaptation to any corporation’s workflow. 

Let us help!

We are experts in Adilas and would love to show you what it is all about. Contact us today to schedule a free demo and to discuss your enterprise resource planning needs.

Marijuana Reform: Harris Discusses Steps to be Taken

Marijuana reform was discussed in the Vice Presidential debate last week. It is a sign of how important this subject is to so many people that it came up. 

When race and the criminal justice system were being discussed, Harris stated that, if elected, she and presidential nominee Joe Biden “will decriminalize marijuana and we will expunge the records of those who have been convicted of marijuana.” 

Harris also promised that their administration would implement a plan to track police and to ban private prisons and cash bail. Currently, she is the lead Senate sponsor of a bill to federally legalize marijuana and fund programs to repair the harms created by the war on drugs.

Though Biden differs with Harris in that he opposes legalizing marijuana, he backs decriminalizing possession, expunging past records, modestly rescheduling the drug under federal law, and letting states set their own laws and legalizing medical cannabis.

Since becoming Biden’s running mate, Harris has focused her public marijuana comments on the narrower issue of decriminalization and expunging records, and has not gone further by discussing full legalization that would enact the more far-reaching change. 

Why Marijuana Reform Matters

This is a step in the right direction. Decriminalization is not full legalization but it gets us much closer. It begins to address the many social injustices that have occurred as a result of Marijuana prohibition. Expunging marijuana arrests from peoples records and criminal justice reform is also very significant. 

These steps could even have the effect of opening the door to marijuana banking by way of the Safe Banking Act which would have a huge impact on the marijuana industry. Allowing Marijuana businesses to access safe banking provides solutions to the many financial hurdles that these companies have faced. 

In Conclusion

With the election only a few weeks away now, it is exciting to speculate on how marijuana reform could change the landscape of the industry and we can’t wait to see where this all leads. In the meantime, we will watch the process carefully and be sure to vote. 

Seed to CPA: 3 Reasons You Need Adilas

The cannabis industry has been flooded with various inventory tracking softwares, making it hard to choose when searching for a new one. There are many things to consider when choosing a tracking software but one of the most important things is making sure the software will cover as many needs as possible. That is why what you really need is a Seed To CPA solution. This means that you are getting a solution that will cover all your cannabis tracking and sales needs as well as offering an accounting platform. 

ADILAS is that Seed to CPA solution. It is an inventory control and accounting software trusted in dozens of industries around the world, for nearly 2 decades. Adilas offers software as a service (SaaS) for any company at any size. It is a one-stop solution to all your data needs. Affordable, powerful, and customizable, dynamic software that allows data to be tracked, connected, accessed, and searched on the cloud. It is one of the most powerful dynamic systems at an affordable price for any company. Customization allows adaptation to any corporation’s workflow. 

What are some benefits of a full Seed to CPA solution?

Track cannabis from Seed to CPA all in one place. 

Many seed to sale solutions leave out important features. This means you have to utilize other tools as well as your seed to sale in order to get the full picture of how your enterprise is doing. Adilas, however, has worked hard to ensure that you have all the tools you need to track everything in one place. This saves you time and money. 

Track Cost of Goods more simply.

Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the good. It excludes indirect expenses, such as distribution costs and sales force costs. Adilas is a full ERP that can help you properly track COGS as well as all the other useful features it provides. Your accountant will thank you for making their job so much easier. 

Easily generate important financial reports.

Many companies use multiple platforms to manage different parts of their business, but how convenient would it be if everything is in one place. Adilas includes a full financial platform that allows you to track all your business financials, including Sales and Profit reports, Balance Sheets, and much more. 

We can help!

Adilas is the most complete out of the box solution you will find. We even have training courses to help you get started. Contact us today to find out more and get a free demonstration. Let us show you what Adilas Seed To CPA can do for you!

METRC: Oklahoma Announces Its Choice for State Traceability Software

On September 21st of 2020, Florida-based METRC announced that it has secured the contract for Oklahoma’s medical marijuana traceability program, bringing the firm’s total track-and-trace contracts to 14 states and the District of Columbia. The contract creates a system to track marijuana plants and products from a plant’s growth stage through sale to patients (seed to sale). It serves as part of OMMA’s larger efforts to ensure accountability and safety within the state’s medical marijuana industry. “We’re honored Oklahoma selected Metrc to implement the state’s first cannabis tracking system,” said Jeff Wells, CEO, Metrc. “With one of the fastest growing medical cannabis markets in the United States, the OMMA (Oklahoma Medical Marijuana Authority) has done a tremendous job developing this new industry, and we’re excited to support its ongoing success. We look forward to working with state regulators and licensees to launch our system and ensure cannabis products are safe and secure for patients.” 

Oklahoma’s legal medical marijuana market began in 2018. Today, it is one of the most business-friendly medical markets with the highest number of dispensaries per resident and more than 300,000 patients. “OMMA is very excited to begin working with METRC to establish a statewide seed to sale system in Oklahoma,” said Kelly Williams, Interim Director, OMMA. “This system will revolutionize our compliance abilities and improve our response time on complaints and recalls. METRC’s experience in this industry will be very valuable as we build Oklahoma’s system together.” 

Dr. Williams added, “We know that businesses will have many questions in the coming weeks, and we will answer them as quickly as possible.” OMMA will also keep the public updated as the system is implemented. It is expected to take up to six months.

About METRC

METRC is the leading solution in the country for cannabis governance. Their software, RFID technology, and support teams track cannabis products from seed to sale, ensuring a closed, legal ecosystem. METRC’s solution ensures a secure supply chain, transparency, and public health, providing a safe marketplace for everyone. 

METRC offers integration features with many seed-to-sale software systems used by licensees. All commercial licensees in Oklahoma will be required to either integrate with or input their information directly into the METRC software. This allows OMMA to view and track cannabis business inventory from seed to sale in real time.

METRC is fully integrated with Adilas

Many licensees will choose to utilize seed to sale software in addition to METRC. This is because METRC does not include some functionality that a cannabis business needs such as advanced reporting. Fortunately Adilas fully integrates with METRC via API. This means that instead of having to enter data in two places, you can just enter it in Adilas. It then syncs directly to Metric ensuring you stay compliant. 

ADILAS is an inventory control and accounting software trusted in dozens of industries around the world, for nearly 2 decades. Adilas offers software as a service (SaaS) for any company at any size. It is a one-stop solution to all your data needs. Affordable, powerful, and customizable, dynamic software that allows data to be tracked, connected, accessed, and searched on the cloud. It is one of the most powerful systems at an affordable price for any company. Customization allows adaptation to any corporation’s workflow.  

Learn More

We are experts in Adilas functionality and how it works with METRC. We would love the opportunity to show you what it’s all about. Contact us today to discuss your business tracking needs and schedule your free demo!

Cannabis SOPs: 5 Reasons You Need Standard Operating Procedures

Standard Operating Procedures (SOPs) are a necessity in the cannabis industry. Cannabis SOPs record processes to be followed through all areas of a cannabis business. They provide step by step instructions for the simplest tasks to the most complicated. SOPs ensure that these processes are consistent and efficient. They are usually required as part of the licensing process as well. 

Writing SOPs can be a hassle but by writing them for you, we have eliminated the headache and created other advantages. 

Our Cannabis SOPs are up to date with current regulations! 

One of the main reasons having good SOPs is essential is to make sure your facility is functioning according to current regulations for your location. We ensure that all SOPs are written to current regulations so you don’t have to worry about making sure they are compliant. 

Save time! 

Writing SOPs can be very time consuming since there are so many processes that need to be covered. Using our SOPs can free up loads of your valuable time, allowing you to work on all the other important aspects required in a cannabis business. 

Save money!

Everyone has heard that time is money and that is equally true in the cannabis business. By allowing us to save you time, you end up saving all the money spent on the labor necessary to compile and write SOPs for your company. 

Save energy!

Not only does it require time and money to write SOPs, it also requires energy. Lots of it. It takes energy to figure out what all your processes are and then get them down in a way that makes sense as a procedure. We have already done that for you, saving you lots of energy that you will need for other projects. 

Our SOPs are easy to update!

We know that there will be processes you need in the future that can’t be foreseen currently so we make it easy to update your SOPs by delivering them in a Word document. 

We can help!

Not only do we offer templates, but we also offer writing services! Do you need specific SOPs for your company’s unique processes? Contact us today to discuss your SOP needs and get a quote for our writing services.

Why Proper Accounting is So Important to the Cannabis Industry

You have probably heard how important proper accounting is to the cannabis industry but why is that the case? What is 280E and what are GAAP and COGS? Here we provide an introduction to those subjects. 

Why Proper Accounting is Important to the Cannabis Industry

Audits

Cannabis companies are being audited regularly, and noncompliant businesses face years of litigation, significant legal fees and back taxes. In extreme cases, significant penalties have been handed out for lack of accuracy, such as in the Alterman-Gibson court case, with a $78,000 accuracy penalty, and the Northern California Small Business Assistants case, with a $250,000-plus accuracy penalty.

Every number in the books should be supported and properly recorded. Organized books not only reduce risk but can result in cost savings during an audit. It should be as easy as handing over a folder with all this support to the auditors.

Valuations

Cannabis companies must think about the following long-term goals:

  • Are you building a legacy to be passed down from generation to generation?
  • Do you want to show as much growth as possible to take advantage of buyouts and acquisitions that will occur once this industry goes federally legal?

If it’s the latter, executives must think about how the company will be able to get the highest valuations in the event of a merger or acquisition. Buyers will be looking for cannabis companies that:

  • Maintain clean books and records.
  • Comply with Section 280E of the IRS tax code.
  • Have a reputable brand and market share.
  • Can grow and vertically integrate.

Recent headlines report a number of companies being sued by investors. As this news surfaces, it’s going to get increasingly more difficult for cannabis companies to secure funding if they don’t have a clean set of books. Cannabis business owners should not only consider their long-term goals for valuations but also their short-term goals for bringing on new lenders and investors.

Banking

Since cannabis remains classified as a Schedule 1 drug, its illegal status makes banking a challenge. It is not easy to pay wages, insurance and taxes when you are working with an all-cash business. Having massive amounts of cash on your premises also puts your business at an extremely high risk of internal and external theft, so more security is necessary to protect personal and professional interests.

The good news for cannabis businesses is that there are banks that will take your money. Most of the banks that will do business with cannabis businesses tend to have a lengthy application process, including documentation such as financial statements. Many of these banks also perform quarterly reviews of these financial statements, so marijuana companies need a cannabis-trained accountant to keep their books and records up-to-date for submission to the bank. The banks do not just look at the quarter in total, they also look at each month leading into the quarter. So monthly financial records must be prepared and ready to go. If a bank sees huge fluctuations month-over-month, the account will be flagged and the banker will ask about those discrepancies. If your company does not have a solid reason for such inconsistencies – other than not having great accounting systems in place – your account might be shut down.

Cannabis Specifics

With all the federal and state regulations to navigate, accounting for cannabis is very complex. Section 280E is one sentence in the tax code with major implications when it comes to accounting. To account for 280E expenses properly, your accountant must understand:

  • Cost accounting. (COGS)
  • Accrual accounting.
  • Generally accepted accounting principles (GAAP).
  • Absorption accounting.

Cannabis business owners will find it difficult to locate a generalist accountant who understands all of these concepts, largely because an understanding of GAAP and cost-based accounting is not required for most small- to medium-sized businesses. GAAP is actually required for publicly traded companies overseen by the U.S. Securities and Exchange Commission, so it requires an extra skill set beyond everyday small business accounting.

What is “GAAP”?

“GAAP is a combination of authoritative standards (set by policy boards) and the commonly accepted ways of recording and reporting accounting information. GAAP aims to improve the clarity, consistency, and comparability of the communication of financial information.” In other words, generally accepted accounting principles (GAAP) are a common set of accounting principles, standards and procedures that companies must follow when they compile their financial statements to be distributed outside of the company. It covers such things as revenue recognition, balance sheet item classification and outstanding share measurements. 

What it boils down to is that GAAP is meant to ensure a minimum level of consistency in a company’s financial statements. This makes it easier for investors to analyze and extract useful information. Investors should be cautious of a financial statement that is not prepared using GAAP.  It also makes the cross comparison of financial information across different companies easier. 

What are “COGS”?

Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the good. It excludes indirect expenses, such as distribution costs and sales force costs.

In Conclusion

Marijuana companies need an experienced cannabis accountant trained in keeping sound books and records. Include an accountant in your budget from inception. Maintaining meticulous records will help ensure you are able to maintain your license, banking and funding. It also will keep you out of hot water with the IRS.

We can help!

Did you know that Adilas is a full ERP that can help you properly track COGS? We even have a training course to help you get started. Contact us today to find out more and get a free demonstration. Let us show you what Adilas Seed-To-Sale can do for you!

E-Learning: Learn Adilas on Your Schedule

Learning a new “Seed To Sale” software can be stressful and time consuming. At Adilas420.com we are aware of this and have created some training content to help you and your employees learn Adilas on your schedule. 

What is it?

We have created training modules for just about every process you could need in Adilas, from cultivation to production to dispensary processes. Each module contains a logical progression of topics with videos that explain each process step by step. 

Who is it for?

These training modules are designed to help anyone learn Adilas, whether a seasoned manager or new employee. 

Where can it be accessed?

You can access and utilize our training modules from any device from which you can access a browser. As a result you can train anywhere that works for you.  

When can training occur?

Because you can access it from anywhere, training can occur when you have time. It is available for you and your employees anytime, day or night. 

Why choose this option?

Training employees costs money. It costs even more when it requires a second person to do the training. Save time and money with an online training solution. 

How to get started? 

Visit https://www.adilas420.com/learn/ and try one of our free E-Learning demos. Then check out our Course Catalog for other available modules. We even offer All-Access passes for individuals and employees. Add the desired course to your cart and check out. You will now have access to the chosen course and can learn on your schedule. 

Learn Adilas

We can help!

Not sure which course or package you need? Contact us today to discuss your Adilas training needs. We will help you find the right solution for your business.

California Social Equity Grant Funding Report

California’s BCC (Bureau of Cannabis Control) has submitted a report to the Legislature on local jurisdictions awarded social equity grant funds authorized by the California Cannabis Equity Act of 2018 (Equity Act) and the Budget Act of 2019. Both Acts require the BCC to submit a report to the Legislature on the progress of local cannabis equity programs in local jurisdictions that received grant funds pursuant to these provisions. 

What does the report address?

The report describes all the equity grant funding awarded by the BCC and the Governor’s Office of Business and Economic Development (GO-Biz). Funds were granted to local jurisdictions to provide direct technical assistance to local equity applicants and licensees through their local equity programs. 

How much Social Equity Grant Funding was awarded? 

So far, the state has awarded a total of $40 million in equity grant funding. The Bureau was initially appropriated $10 million in funding and awarded funds to 10 local jurisdictions in October 2019. Additionally, the BCC and GO-Biz were each appropriated $15 million in equity grant funding. The BCC entered into an interagency agreement with GO-Biz to administer the process for its $15 million in grant funding. In April 2020, GO-Biz awarded $30 million in grant funding on behalf of GO-Biz and the BCC.

Why Social Equity Grant Funding matters.

Diversity is important in any industry but most especially in the cannabis industry due to the impact the “War on Drugs” has had on minorities and their communities. Legalization helps these communities but more can be done.

Social Equity Grants are meant to increase diversity. They are available to cannabis applicants that meet special requirements indicating they do not have the same advantages as most other applicants. For instance, the applicant might be a person of color, a woman, or starting a cannabis business in an underserved community. These grants help the social equity applicants obtain equal footing with their competition. 

Let us help!

Seeking a Social Equity license in California? We can help! We offer application writing services for all application types and all states. Contact us today to discuss your Cannabis Application needs. We would love to show you what we can do for you!

.