On April 21, 2020, 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 $6,042,014.23 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 be utilizing this funding to provide verified Social Equity Program Applicants various resources including Workforce Development and Business Development Services as well as a loan/and or grant program.
The Department is currently working to complete various administrative responsibilities associated with formally accepting this new award as well as last year’s award of $1,834,156.38 from the California Cannabis Equity Grant Program.
Specific information on how the City of Los Angeles will utilize funds awarded through both grant programs will be available at the beginning of the next Fiscal Year, July 1, 2020.