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Committee recommends acceptance of $4.9M state equity grant for cannabis applicants
Summary
The Office of Cannabis described a $4.9 million Governor's Office of Business and Economic Development grant to support equity applicants (technical assistance, compliance, access to capital, real‑estate help); committee forwarded the acceptance and heard multiple public callers urging expedited disbursement and safeguards to ensure local beneficiaries.
Director Rodriguez and Deputy Eugene Hilsman presented the Office of Cannabis' request to accept and expend $4,900,000 in Local Equity Grant funding from the Governor's Office of Business and Economic Development to support equity applicants in San Francisco's regulated cannabis marketplace.
Rodriguez said the funds are intended to reduce barriers to entry, provide technical assistance,…
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