New York’s Cannabis Control Board recently held its first meeting of 2022, where board members clarified the goals and funding sources for the state’s $200 million cannabis equity fund.
The fund, which was announced in Governor Kathy Hochul’s State of the State address, will draw capital from the state’s cannabis industry revenue and yet unnamed private funding sources, according to the Albany Times-Union.
In a press release, state officials said fund will go towards projects run by “certain eligible applicants from communities impacted by disproportionate policing during the decades-long cannabis prohibition.”
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