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Office of Social Equity: 205 lottery picks, $45M in business assistance, nearly $100M in community reinvestment
Summary
The Office of Social Equity told the Senate Finance Committee it has supported social‑equity licensees selected in Maryland’s lottery and is overseeing distribution rules for the Community Reinvestment and Repair Fund. Audrey Johnson said 192 conditional social‑equity licenses were issued, 145 met capitalization milestones and 12 are operational; OSC is working with counties on CRRF plans and reporting.
The Office of Social Equity briefed the Senate Finance Committee on Maryland’s social‑equity efforts for cannabis, reporting that the state’s first comprehensive social equity licensing round selected 205 applicants from more than 1,700 applications and that regulators continue to shepherd conditional licensees toward operation.
"We received more than 1,700 applications, and 205 applicants were selected through the lottery across standard and micro business categories statewide," Audrey Johnson, executive director of the Office of Social Equity, told senators. She said 192 of those selected received conditional licenses, 145 have met an initial capitalization milestone and 12…
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