Mass Cannabis Social Equity Trust Fund Finally Accepting Applications
January 24, 2024
First round of grant funding will total $2.33 million with no single grant exceeding $50,000
First round of grant funding will total $2.33 million with no single grant exceeding $50,000
“It’s really important to move on this as fast as possible—everyone keeps saying that there’s not enough operating capital out there.”
Grant and loan program for communities harmed by war on drugs has been mired by delays since creation, including supplemental budget debate, but now compromise could move Cannabis Social Equity Trust Fund forward
Group requests a “one-time emergency transfer of $50 million to the Cannabis Social Equity Trust Fund … to compensate for the persistent delays in distributing these funds.”
While Massachusetts loan fund lags, New Jersey disperses $12 million in equity grants
There’s still not a dollar in the state’s Cannabis Social Equity Trust Fund, and there’s not as much coming as predicted
