On March 15, 2021, the Governor’s Office of Business and Economic Development (GO-Biz) announced that the City of Los Angeles’ Department of Cannabis Regulation has been awarded $2,030,997.42 in grant funding from the California Cannabis Equity Grant Program for Local Jurisdictions. The California Cannabis Equity Grant Program was created under the California Cannabis Equity Act of 2018 to aid local equity programs to support equity applicants and equity licensees. Over a dozen jurisdictions across the state were awarded grants to help fund their local social equity programs.
The City of Los Angeles will direct these funds towards resources for Social Equity Program Applicants which may include the following: the Business Licensing and Compliance Assistance program, Fee Deferral Services, Pro Bono Legal Services and the Department’s SEED (Social Equity Entrepreneur Development) Financial Grant Program. Eighty percent of these funds must be used for direct financial assistance for Social Equity Individual Applicants. DCR continues to work to establish a Financial Grant Program whereby financial grants will be made available to individuals who meet program requirements. DCR expects to launch this program in April 2021.
Since the launch of the California Cannabis Equity Grant Program for Local Jurisdictions, DCR has been awarded approximately $9.9M in grant funding to support Social Equity Applicants in the City of Los Angeles.
Specific information on how the City of Los Angeles will use these awarded funds will be available at the beginning of the next Fiscal Year, July 1, 2021.