Good news: The Bureau of Cannabis Control announced that it has reopened its application process for the $10M Gov. Newsom made available last September to cities interested in developin cannabis equity programs.
Bad news: The funds won’t go out until May 2020.
- The deadline for municipalities to apply for state grants is August 30.
- Equity applicants in L.A. reportedly submitted 1,200 applications with hundreds more expected before the July 29 deadline.
- A Long Beach company called California Cannabis Enterprises announced it would join forces with major water developer Cadiz to grow hemp. The venture will be called SoCal Hemp.
LA Business Journal