Fresno, California, creates social equity fund for marijuana entrepreneurs

MJ Biz have reported

The Fresno City Council voted to establish an equity fund that would help financially assist disadvantaged marijuana business owners, the latest city among California municipalities that are trying to give a leg up in the industry to those hit hardest by the war on drugs.

The fund will disperse monies to qualified candidates, and two to four of the 16 city’s upcoming marijuana retail licenses will be awarded to social equity applicants, The Fresno Bee reported.

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Fresno, California, creates social equity fund for marijuana entrepreneurs

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