Lansing-Area Marijuana Businesses Eligible for State Grants from CRA

Lansing-Area Marijuana Businesses Eligible for State Grants from CRA

Recently, the Michigan Cannabis Regulatory Agency announced that six marijuana businesses in the Lansing area have been awarded over $16,000 each as part of a statewide social equity program. State Senator Sarah Anthony emphasized the importance of supporting local talent and stimulating the economy in communities that have been disproportionately impacted by the marijuana industry since its legalization in 2018.

A total of 62 social equity licensees were eligible for a share of the $1 million available through the Social Equity Grant Program. Each business will receive $16,129, with recipients in Lansing including Biobizz, Capital City, Carbidex, Jartnick Consulting, and Smart Meds. Additionally, 120 West in Laingsburg also received funding.

The Social Equity Grant Program was established after the legalization of adult-use marijuana in 2018, with the goal of promoting participation in the industry by individuals from communities impacted by marijuana prohibition. This is the first time that funding has been specifically allocated to support social equity licensees, who must meet certain eligibility criteria to receive the grants.

Recipients of the grants are required to use the funds for employee education, compliance with licensing and regulatory rules, or donations to community organizations. The Cannabis Regulatory Agency’s Executive Director, Brian Hanna, expressed his excitement at seeing licensees use the funds to make a positive impact on their employees, communities, and businesses.

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