Social equiTy

Social equity in the cannabis industry.

Michigan marijuana regulators announced the state's cannabis social equity program, which will give those in communities disproportionately impacted by drug enforcement a leg up in the newly legal industry. Residents of 19 cities, chosen for high rates of poverty and marijuana convictions, will receive discounts on licensing fees, educational resources, and one-on-one help with the licensing process.  Credit: Word on the Tree & Bridge Michigan

We are expecting to see steps like this across the board eventually. As they happen, social equity Will become a very valuable piece of the cannabis industry. Partnerships are likely to form with those receiving the benefits in order to obtain a higher priority license or permitting spot.

If you are reading this, and are able to apply for a social equity advantage, I highly recommend doing it and taking full advantage.