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State agencies tout Cannabis Training Academy enrollment and $20 million in grants for social equity businesses
Summary
The New Jersey Business Action Center and NJEDA told the Cannabis Regulatory Commission that the state’s Cannabis Training Academy has more than 1,200 registrants and that NJEDA’s $20 million pilot grant program has awarded joint‑venture and seed equity grants to social equity and other applicants, with staged disbursements to support openings.
At the Commission’s public meeting, the New Jersey Business Action Center and the New Jersey Economic Development Authority outlined programs designed to help entrepreneurs enter the regulated cannabis market.
Penny Weil, Deputy Executive Director of the Business Action Center, described the Cannabis Training Academy (CTA) as a no‑cost, state‑sponsored curriculum created to give entrepreneurs technical assistance that federally funded small business services cannot provide to cannabis operators. Weil said the CTA launched initial levels in October 2024 and that more than 1,200 people have registered for the Academy’s courses and live Q&A sessions. The CTA plans Spanish translations of its courses and will issue certificates of completion that applicants can use in NJCRC licensing…
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