Task 8: Cannabis Opportunity Reinvestment and Equity Program Sample Clauses

Task 8: Cannabis Opportunity Reinvestment and Equity Program. In 2018, the City adopted the Cannabis Opportunity Reinvestment Equity (“CORE”) program (the “program”) which assists individuals from communities disproportionately impacted by past law enforcement policies (a.k.a., the “War on Drugs”) to enter the regulated cannabis industry by providing fee waivers, business education, and mentorship, among other benefits. The program set 50% CORE ownership of cannabis businesses as its goal. Although there are now over 260 CORE participants, there are only 16 permitted CORE participant-owned businesses. These are some key questions to be addressed in this section: • How does the program’s effectiveness compare with other jurisdictionsequity programs? • What would make the program more effective? • What are possible sources of funding? Attachment 1 to Exhibit A • What are potential strategies to explore to incorporate more equity in the City’s overall cannabisbusiness regulations?
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Related to Task 8: Cannabis Opportunity Reinvestment and Equity Program

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