City receives millions in state funding for equity in cannabis industry
(FOX40.COM) — The City of Sacramento announced they were awarded $1.68 million in the Cannabis Equity Grant to increase equity in its local cannabis industry.
The Governors office said the grant program seeks to, 'advance economic justice for individuals most harmed by cannabis criminalization and poverty.'
Video Above: How much do states make from marijuana tax
Through the grant, equity program applicants and licensees will gain support in local jurisdictions, equity promotions and the elimination of barriers when entering the newly regulated cannabis industry, according to the Governors office.
'This grant provides valuable support for CORE members, offering funding for business operations and technical assistance,' said Lindsay Brown, administrative officer in the City's Office of Cannabis Management. 'These resources play a key role in helping program participants establish and grow their business.'
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Sacramento was the fourth highest allocation to receive funding from the $15 million program, behind Oakland, San Francisco and Los Angeles.
Sacramento was previously awarded this funding, which it has used to support members of its Cannabis Opportunity Reinvestment and Equity program.
'This grant provides valuable support for CORE members, offering funding for business operations and technical assistance,' said Lindsay Brown, administrative officer in the City's Office of Cannabis Management. 'These resources play a key role in helping program participants establish and grow their business.'
The assistance will include guidance on legal matters, cannabis regulatory compliance, accounting and taxes, construction and architecture, security, marketing and branding, human relations and labor issues, as well as commercial real estate consultation.
For more information about the CORE program, visit sacramentocore.org.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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