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@@ -30,74 +30,40 @@ <h3 class="wp-block-heading">Equitable exits</h3> | |
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<h2 class="wp-block-heading">Promising practices adopted by local jurisdictions</h2> | ||
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<p><em>Practices that support business ownership by equity entrepreneurs. </em></p> | ||
<p>Practices that support business ownership by equity entrepreneurs. </p> | ||
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<p>The City of Los Angeles enshrines equitable profit distribution and voting rights into their Municipal Code and all equity businesses are reviewed for their compliance with these “Equity Share Requirements.” Violations of the Equity Share Requirements in agreements between equity owners and equity investors may result in suspension of the local license. </p> | ||
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<p>The City and County of San Francisco guarantees that the equity operator serves as the Chief Executive Officer of their cannabis business or holds a majority ownership interest in the business. Changes in ownership that decrease an equity operator’s ownership interest must be approved by the local regulators and must demonstrate a substantial commitment to equity by the cannabis business. </p> | ||
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<p>If you are an equity entrepreneur not doing business in the City of Los Angeles, or the City and County of San Francisco, you may wish to consider whether these programs offer a potential model for your business to follow. You can also contact your local jurisdiction to identify what promising practices exist in the local cannabis program. If you are doing business in one of these local jurisdictions, make sure you comply with all applicable laws. </p> | ||
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<h2 class="wp-block-heading">Promising practices for local equity grant programs </h2> | ||
<h2 class="wp-block-heading">Promising practices for local equity grant programs</h2> | ||
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<p>Through discussions with equity licensees, we are uncovering the most effective and innovative equity policies from jurisdictions throughout the state. This list of promising practices will help local jurisdictions develop equity resources that fit the needs of their local cannabis businesses. </p> | ||
<p>Through discussions with equity licensees, we are uncovering the most effective and innovative equity policies from jurisdictions throughout the state. This list of promising practices will help local jurisdictions develop equity resources that fit the needs of their local cannabis businesses. </p> | ||
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<p>These promising practices also serve business owners looking for equity programs and can be used by regulators looking for ideas on how to achieve equity goals. We’re happy to share these stories as we work together to continue supporting local efforts. </p> | ||
<p>These promising practices also serve business owners looking for equity programs and can be used by regulators looking for ideas on how to achieve equity goals. We’re happy to share these stories as we work together to continue supporting local efforts. </p> | ||
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<div class="wp-block-query is-layout-flow wp-block-query-is-layout-flow"><ul class="wp-block-post-template is-layout-flow wp-block-post-template-is-layout-flow"><li class="wp-block-post post-18773 post type-post status-publish format-standard has-post-thumbnail hentry category-promising-practices tag-staging non_divi_builder"> | ||
<h3 class="wp-block-heading">Technical Assistance programs<a id="_msocom_1"></a></h3> | ||
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<div class="wp-block-columns is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex"> | ||
<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:33.33%"><figure class="alignleft wp-block-post-featured-image"><a href="https://api.cannabis.ca.gov/2024/07/promising-practice-no-interest-revolving-loans/" target="_self" ><img loading="lazy" decoding="async" width="1080" height="1080" src="https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/11/photo_maisha_bahati_sq.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Promising Practice: No-interest revolving loans" style="object-fit:cover;" srcset="https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/11/photo_maisha_bahati_sq.jpg 1080w, https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/11/photo_maisha_bahati_sq-576x576.jpg 576w, https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/11/photo_maisha_bahati_sq-1024x1024.jpg 1024w, https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/11/photo_maisha_bahati_sq-376x376.jpg 376w, https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/11/photo_maisha_bahati_sq-768x768.jpg 768w" sizes="(max-width: 1080px) 100vw, 1080px" /></a></figure></div> | ||
<div class="wp-block-media-text is-stacked-on-mobile"><figure class="wp-block-media-text__media"></figure><div class="wp-block-media-text__content"> | ||
<p>Carrie Broadus, of Pot Luck Enterprises, LLC., took advantage of Los Angeles’ technical assistance program to learn how to navigate the local permitting process and form a locally verified equity business.</p> | ||
</div></div> | ||
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<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:66.66%"><h2 class="wp-block-post-title"><a href="https://api.cannabis.ca.gov/2024/07/promising-practice-no-interest-revolving-loans/" target="_self" >Promising Practice: No-interest revolving loans</a></h2> | ||
<h3 class="wp-block-heading">Direct Grant programs</h3> | ||
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<div class="wp-block-post-excerpt"><p class="wp-block-post-excerpt__excerpt">Maisha Bahati is the CEO of Crystal Nugs, the first Black and woman owned non-storefront delivery business in Sacramento. She was one of the first equity applicants in Sacramento’s Cannabis Opportunity Reinvestment and Equity (CORE) Program and is in the process of expanding her business with a retail storefront. </p></div></div> | ||
</div> | ||
<div class="wp-block-media-text is-stacked-on-mobile"><figure class="wp-block-media-text__media"></figure><div class="wp-block-media-text__content"> | ||
<p>Reese Banton, of Posh Green Cannabis Boutique, worked with the City of San Francisco Office of Cannabis’ equity program to obtain a license and open her boutique.</p> | ||
</div></div> | ||
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<div style="height:35px" aria-hidden="true" class="wp-block-spacer"></div> | ||
<h3 class="wp-block-heading">No-interest Revolving Loans</h3> | ||
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</li><li class="wp-block-post post-18771 post type-post status-publish format-standard has-post-thumbnail hentry category-promising-practices tag-staging non_divi_builder"> | ||
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<div class="wp-block-columns is-layout-flex wp-container-core-columns-is-layout-2 wp-block-columns-is-layout-flex"> | ||
<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:33.33%"><figure class="alignleft wp-block-post-featured-image"><a href="https://api.cannabis.ca.gov/2024/07/promising-practice-direct-grants/" target="_self" ><img loading="lazy" decoding="async" width="395" height="395" src="https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/12/photo_reese_benton_sq-2.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Promising Practice: Direct Grants" style="object-fit:cover;" srcset="https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/12/photo_reese_benton_sq-2.jpg 395w, https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/12/photo_reese_benton_sq-2-376x376.jpg 376w" sizes="(max-width: 395px) 100vw, 395px" /></a></figure></div> | ||
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<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:66.66%"><h2 class="wp-block-post-title"><a href="https://api.cannabis.ca.gov/2024/07/promising-practice-direct-grants/" target="_self" >Promising Practice: Direct Grants</a></h2> | ||
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<div class="wp-block-post-excerpt"><p class="wp-block-post-excerpt__excerpt">Reese Benton, owner of Posh Green Cannabis Boutique, worked with the City of San Francisco Office of Cannabis’ equity program to obtain a license and open her boutique. As an advocate for cannabis equity, Benton has turned Posh Green Cannabis Boutique into a hub for knowledge and products from other equity businesses. </p></div></div> | ||
</div> | ||
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<div style="height:35px" aria-hidden="true" class="wp-block-spacer"></div> | ||
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</li><li class="wp-block-post post-18769 post type-post status-publish format-standard has-post-thumbnail hentry category-promising-practices tag-staging non_divi_builder"> | ||
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<div class="wp-block-columns is-layout-flex wp-container-core-columns-is-layout-3 wp-block-columns-is-layout-flex"> | ||
<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:33.33%"><figure class="alignleft wp-block-post-featured-image"><a href="https://api.cannabis.ca.gov/2024/07/promising-practice-technical-assistance/" target="_self" ><img loading="lazy" decoding="async" width="1158" height="1158" src="https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/11/photo_carrie_broadus_sq.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Promising Practice: Technical Assistance" style="object-fit:cover;" srcset="https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/11/photo_carrie_broadus_sq.jpg 1158w, https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/11/photo_carrie_broadus_sq-576x576.jpg 576w, https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/11/photo_carrie_broadus_sq-1024x1024.jpg 1024w, https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/11/photo_carrie_broadus_sq-376x376.jpg 376w, https://cannabis.ca.gov/wp-content/uploads/sites/2/2022/11/photo_carrie_broadus_sq-768x768.jpg 768w" sizes="(max-width: 1158px) 100vw, 1158px" /></a></figure></div> | ||
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<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:66.66%"><h2 class="wp-block-post-title"><a href="https://api.cannabis.ca.gov/2024/07/promising-practice-technical-assistance/" target="_self" >Promising Practice: Technical Assistance</a></h2> | ||
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<div class="wp-block-post-excerpt"><p class="wp-block-post-excerpt__excerpt">Carrie Broadus, owner of Pot Luck Enterprises, took advantage of Los Angeles’ technical assistance program to learn how to navigate the local permitting process and form a locally verified equity business. Broadus now uses the knowledge gained from the technical assistance program to advocate for cannabis equity in her community. </p></div></div> | ||
</div> | ||
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<div style="height:35px" aria-hidden="true" class="wp-block-spacer"></div> | ||
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</li></ul></div> | ||
<div class="wp-block-media-text is-stacked-on-mobile"><figure class="wp-block-media-text__media"></figure><div class="wp-block-media-text__content"> | ||
<p>Maisha Bahati, of Chrystal Nugs, was one of the first equity applicants in Sacramento’s Cannabis Opportunity Reinvestment and Equity (CORE) Program.</p> | ||
</div></div> | ||
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<h2 class="wp-block-heading">Contact us</h2> | ||
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<p>Email questions to <a href="mailto:[email protected]">[email protected]</a>v or call <a href="tel:844-612-2322">1-844-61-CA-DCC</a>.</p> | ||
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<h2 class="wp-block-heading">Related resources</h2> | ||
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<div class="wp-block-query is-layout-flow wp-block-query-is-layout-flow"><ul class="wp-block-post-template is-layout-flow wp-block-post-template-is-layout-flow"><li class="wp-block-post post-19532 page type-page status-publish hentry category-equity tag-staging non_divi_builder"> | ||
<h3 class="wp-block-post-title"><a href="https://api.cannabis.ca.gov/resources/equity/promising-practices/" target="_self" >Promising practices for equity entrepreneurs and local jurisdictions</a></h3> | ||
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<div class="wp-block-post-excerpt"><p class="wp-block-post-excerpt__excerpt">Your voice matters in advancing equity for communities harmed by cannabis criminalization. The DCC supports local communities by highlighting and lifting practices that are making a real difference. We’re reaching out to business owners affected by the War on Drugs to learn directly about the policies that have helped licensees like you start or grow… </p></div> | ||
</li><li class="wp-block-post post-19518 page type-page status-publish hentry category-equity tag-staging non_divi_builder"> | ||
<h3 class="wp-block-post-title"><a href="https://api.cannabis.ca.gov/resources/equity/discussions-with-equity-entrepreneurs/" target="_self" >Discussions with equity entrepreneurs</a></h3> | ||
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<div class="wp-block-post-excerpt"><p class="wp-block-post-excerpt__excerpt">Listen to equity entrepreneurs from throughout the state discuss the benefits of California’s equity programs, what’s worked well at the state and local levels, and their hopes and dreams for the legal cannabis market. Cannabis Conversations – Discussions with Oakland Equity Retail Operators Related resources </p></div> | ||
</li><li class="wp-block-post post-19512 page type-page status-publish hentry category-equity tag-staging non_divi_builder"> | ||
<h3 class="wp-block-post-title"><a href="https://api.cannabis.ca.gov/resources/equity/state-and-local-equity-programs/" target="_self" >California’s state and local jurisdiction equity programs</a></h3> | ||
<p>If you have questions or need clarification, email <a href="mailto:[email protected]">[email protected]</a></p> | ||
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<div class="wp-block-post-excerpt"><p class="wp-block-post-excerpt__excerpt">Explore local equity grant programs and promising practices for local jurisdictions in California. Learn about DCC equity relief initiatives and California’s equity tax credit programs designed to support equitable growth and community development. Local equity promising practices California supports cannabis equity through efforts at both the state and local levels. You may qualify for equity… </p></div> | ||
</li></ul></div> | ||
<h2 class="wp-block-heading">Related sources</h2> |
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