Recently, the Minnesota Office of Cannabis Management (OCM) announced four organizations have been awarded funding from the state's CanGrow grant program that helps farmers enter or expand into the cannabis industry. OCM also announced it is accepting applications for the next round of funding to provide people with the education, knowledge and training to enter and succeed in Minnesota's cannabis cultivation industry.
"With the establishment of Minnesota's adult-use cannabis industry, we are creating financial opportunities that foster a fair, equitable and sustainable market," said OCM Executive Director Eric Taubel. "CanGrow grants are intended to create a strong knowledge base of cannabis cultivators and entrepreneurs while keeping to our commitment to social equity by empowering those who face barriers to joining the market."
The Minnesota Legislature, in accordance with Minnesota Statutes, section 342.73, appropriated yearly funds for the CanGrow program in the form of technical assistance grants, and loan financing grants that will be distributed in the form of loans to individual farmers seeking to expand or enter the cannabis space (Minnesota Session Laws 2023, chapter 63, Article 9, section 5).
The four recipients of technical assistance grants include programs offering compliance training, education, business planning, mentorship, assistance with legal and environmental concerns, and opportunities to share knowledge and best practices.
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