Cannabis Social Equity Program
The goal of the Cannabis Social Equity Program is to recognize and address the long-term impact that federal and state cannabis enforcement policies have had on low income communities in the City of Long Beach.
The Equity Program is designed to support equal opportunity in the cannabis industry by making legal cannabis business ownership and employment opportunities more accessible to low income individuals and communities most impacted by the criminalization of cannabis.
Equity Program Opportunities:
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IMPORTANT ANNOUNCEMENTS
CITY OF LONG BEACH CANNABIS EQUITY GRANT FUNDING AVAILABLE
The City of Long Beach was awarded grant funds from the State of California, Bureau of Cannabis Control (BCC) and Governor’s Office of Business and Economic Development (GO-Biz) to support the Long Beach Cannabis Social Equity Program. The primary purpose of equity grant funding is to provide additional assistance to equity applicants and licensees to gain entry into, and successfully operate in, the regulated cannabis marketplace. Qualifying equity applicants and licensees are eligible to receive additional fee waivers anddirect grants to open and operate a cannabis business in Long Beach. For more information, please visit our Open an Equity Business webpage.
NEW RULES AND REGULATIONS IMPLEMENTING THE 40% EQUITY HIRE PROGRAM
The Cannabis Social Equity Program requires all adult-use cannabis businesses to hire Equity Employees for a minimum of 40% of the total annual work hours performed at the business. The City recently adopted new rules and regulations to implement an administrative program for the 40% Equity Hire Requirement and to provide clarification on the various aspects of the program that all adult-use cannabis businesses are required to comply with. Learn more about the 40% Equity Hire implementing rules and procedures, please visit our page.
CITY COUNCIL ADOPTS A CANNABIS SOCIAL EQUITY PROGRAM
On July 10, 2018, the Long Beach City Council adopted a Cannabis Social Equity Program as part of a larger Adult-Use Cannabis Business Ordinance. The goal of the Equity Program is to support equal opportunity in the Long Beach cannabis industry by making legal cannabis business ownership and employment opportunities more accessible to low-income individuals and communities most impacted by federal and state cannabis enforcement policies. View the council meeting and documents related to the adoption of the Equity Program.
LATEST NEWS IN CANNABIS EQUITY The Bureau of Cannabis Control announced the availability of Equity Grant Funding authorized by the California Cannabis Equity Act of 2018. The Equity Grant allows for direct assistance to local jurisdictions' commercial cannabis equity programs that provide assistance to local equity applicants or local equity licensees. Click here to learn more. |
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DISCLAIMER: This website is provided for members of the public as a resource for general information. The information on this website may be incomplete, contain errors, or change without notice. The information provided is not intended as legal advice and should not be relied upon without first consulting a qualified attorney.
