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US (CO): Cannabis Business Office opens second wave of business grants for social equity licensees

Are you a cannabis social equity licensee looking for funding? The Colorado Cannabis Business Office announced that it’ll accept applications for a second round of the Cannabis Business Grants starting October 19 until November 17.

The Cannabis Business Office launched this year with the stated mission of helping the state create local jobs and fostering community growth and economic development.

Its goal is also to create an equitable space within the cannabis industry — one Denver officials and leaders say they share. By the numbers, non-white entrepreneurial hopefuls have not equally or equitably benefitted from legalization.

A study released by the City of Denver in 2020 showed 75% of cannabis and cannabis-related business owners are white, as compared with 68% of employees. About 13% of owners are Hispanic, and 6% are Black.

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