City gives cannabis entrepreneurs a boost

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Local

The January program is for entrepreneurs interested in running a cannabis business in Boston.

Boston’s aspiring cannabis entrepreneurs are gaining a foothold thanks to a collaboration between the city and local cannabis advocates.

Mayor Michelle Wu announced details too Boston Cannabiz 101, a series of free educational events about the cannabis industry and entrepreneurship. The January program, a city cooperation with the Core Empowerment Social Justice Cannabis Museum in Jamaica Plain is aimed at entrepreneurs interested in running a cannabis business in Boston.

The hope, officials said, is to increase the number of share-owned cannabis business licensees and applicants in the city. Boston officials want to empower the black, Latin American, Asian and indigenous communities disproportionately affected by the “war on drugs”.

“As we are building a cannabis industry in our city, empowering the communities that have suffered the damage of previous marijuana laws and enforcements is vital,” said Wu. “I encourage all interested entrepreneurs to use these resources to ensure equitable growth for this emerging industry.”

In November 2019, Boston passed an ordinance to pave the way for these minority communities to thrive in the industry. A state zoning law requires the city to have at least 52 licensed cannabis facilities.

Wu’s office said the three-day sessions will help identify a pipeline of equity applicants and cannabis entrepreneurs.

Interested entrepreneurs can attend the free sessions at the Core Cannabis Museum on Center Street in Jamaica Plain on January 18th, 19th and 20th. According to the organizers, the series will cover everything a cannabis entrepreneur needs to know in order to be successful.

Some cannabiz highlights are:

  • The Legislative History of Cannabis Legalization
  • The need for social justice in the industry
  • Cannabis Control Commission (CCC) licensing types and operating procedures
  • How to fund a cannabis business
  • This is how you start a society
  • Host Community Agreements (HCA) for the city of Boston
  • Site control

Interested participants can Response to Eventbrite. Seats are limited.

About the Boston Cannabis Equity Applicant Fund

As part of the Boston Equity Program, the Boston Cannabis Equity Fund provides financing to certified equity applicants and licensees for a variety of purposes including working capital, startup costs, expansion, equipment purchase, and rental assistance. The program offers grants between $ 1,000 and $ 15,000.

Cannabis Equity Fund applicants must be certified as equity applicants to participate.


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