Want to start a cannabis business in Los Angeles? Here's how.
The Social Equity Program seeks to re-invest in communities historically disproportionately affected by the "war on drugs" by supporting business ownership and hiring of local transitional residents. Once started, the Social Equity Program will provide assistance to three tiers of applicants, including:
|Business, licensing and
Social Equity Tier 1
Tier 1 businesses are 51% (or more) owned by qualifying individual(s), with:
Tier 1 participants also benefit from:
Social Equity Tier 2
Tier 2 businesses are 33.3% (or more) owned by qualifying individual(s), with:
Social Equity Tier 3
Tier 3 businesses are general applicants who agree to provide capital, leased space, ownership, and licensing or compliance support to Social Equity applicants, including rent-free access to properties and prorated utilities for two or more years.