California regulators place $10 million in state grant income for cannabis social equity applications on hold, it was announced more than the weekend.
The state Bureau of Cannabis Manage (BCC) earlier this month started accepting grant applications from cities that have social equity applications intended to get minorities and these impacted by the war on drugs a lot more involved in the sector.
The BCC had initially slated June 30 as the deadline for doling out the grant income.
In a Saturday news release, the BCC stated that it was canceling the application period “effective immediately” and that it will “review and revise the grant system guidelines” just before announcing a new timeline for the $10 million in funding.
No purpose was provided for the adjust in plans, and a BCC spokesman did not right away return a request for comment.
No updated timeline was announced.
The move is probably to upset social equity applicants – especially in Los Angeles. They have expressed aggravation with the slow pace of the city’s social equity licensing, which quite a few say is tied to a lack of government funding.
John Schroyer can be reached at [email protected]