Archive

Raising Capital for Maryland Social Equity Cannabis Businesses

By Charles Alovisetti, Elena Markos
Sep 27, 2024

Maryland recently awarded cannabis business licenses to social equity applicants. If you were one of the lucky lottery winners, now it’s time to focus on raising money for your business. Read this insight for essential considerations around raising capital for Maryland social equity cannabis licensees.

More Green in the Green Mountain State: Cannabis Statutory Changes and New Cultivator Licensing Opportunity in Vermont

By David Ullian, Antonella Velaoras
Jul 18, 2024

Last month, H.612 - An Act Relating to Miscellaneous Cannabis Amendments became law, making a variety of changes to Vermont’s cannabis laws that will have significant implications for the state’s medical and adult-use cannabis industry - particularly for licensed retailers, cultivators, medical patients, and social equity businesses. Read this Insights article to learn about key changes, a new cultivator licensing opportunity, and the impact on the state’s cannabis industry.

Minnesota’s Proposed Cannabis Legislation Would Provide Early-Mover Licensing Opportunities for Social Equity Business Applicants

By Jason Tarasek, Yolanda Clarke
Mar 12, 2024

Minnesota lawmakers are proposing a bill to reshape the state's adult-use cannabis market, prioritizing social equity business applicants. The bill would grant social equity applicants a head start through temporary licenses allowing them to prepare for full licensure. This Insights post highlights social equity applicant criteria, limits on the total number of cannabis business licenses, and additional details to this recently introduced bill.

Washington, D.C. Medical Cannabis Program Update: Open Application Periods for Retail Licenses and Increased Enforcement Against Unlicensed Operators

By David M. Ullian
Feb 26, 2024

Washington, D.C. will soon be accepting applications for new medical cannabis retail licenses. The application process is divided into two periods, with Social Equity Applicants getting priority and an earlier application window. This blog details the two available license types, eligibility requirements, and the application process. Additionally, it outlines new enforcement actions against unlicensed I-71 cannabis “gifting” businesses.

The Massachusetts Cannabis Social Equity Trust Fund: What You Need to Know

By David M. Ullian
Feb 13, 2024

Massachusetts launched the Cannabis Social Equity Trust Fund to aid qualified cannabis businesses disproportionately impacted by marijuana prohibition. Licensed businesses or applicants meeting specific criteria, like Social Equity Program participants, can access grants or loans (up to $50,000 now!). Apply online and learn more about future programs before the February 15th deadline.

New Funding Opportunity for Maryland’s Social Equity Cannabis Business Applicants

By Meg Nash, Bridgette Nikisher
Feb 7, 2024

Maryland's Cannabis Business Assistance Loan/Grant Fund is offering grants to help social equity applicants cover costs associated with obtaining a cannabis business license. The program reimburses up to 50% of eligible expenses, with a maximum of $5,000. Applications open February 19th and close March 20th. Read this Insights post to learn more about eligibility, qualifying expenses, and how to apply.

Maryland Cannabis Business License Application Submission Guide

By Meg Nash, Bridgette Nikisher
Nov 6, 2023

Maryland’s first adult-use licensing round is almost here! Do you have what you need? We’ve prepared a list to help guide you toward submission.The 30-day application period opens next week on November 13, 2023, at midnight ET and closes on December 12, 2023, at 5 p.m. ET.

New Cannabis Regulations in Massachusetts Are Now in Effect: What You Need to Know

By David Ullian
Oct 31, 2023

The Massachusetts Cannabis Control Commission’s amended regulations make substantial changes to the current regulatory framework related to HCAs, Social Equity businesses, municipal equity, and agent suitability. These changes reveal a clear intent to make real progress towards achieving the goals of creating new opportunities and a level playing field for Social Equity businesses, and continuing to build a successful, equitable cannabis industry in Massachusetts. Read this article for an overview of the key provisions in the amended regulations.

Maryland Releases New Cannabis License Application Information

By Meg Nash
Oct 24, 2023

The Maryland Cannabis Administration (MCA) recently released new information about the upcoming licensing round, including application instructions, an evaluation worksheet, and application templates. MCA also published an FAQ page. Read on for a summary of key information.

New York Cannabis Business Applications Are Live and the Deadline is Extended: What We’ve Learned

By Bridgette Nikisher
Oct 18, 2023

New York’s adult-use regulations are effective and the first application period for certain adult-use licenses is underway! At the Cannabis Control Board (CCB) meeting on October 17, 2023, CCB announced that they are extending the deadline for applications by two weeks. Read this Insights article for details related to Social and Economic Equity Applicant applications, how many licenses will be awarded, the review and selection process, property control and proximity protection, and true parties of interest disclosures.

Maryland Cannabis Administration Releases Social Equity Verification Tool in Preparation for Cannabis Business Licensing

By Yolanda Clarke, Meg Nash
Sep 1, 2023

The Maryland Cannabis Administration and its Office of Social Equity took another step toward the first round of adult-use social equity licensing in the state with the announcement that their social equity verification portal will go live on September 8. This first round of adult-use licensing will be for standard or micro grower, processor, and dispensary license types. Only social equity applicants are eligible to take part in this first round and to qualify, you must first be officially verified as a social equity applicant.

The Evolution of the Cannabis Industry in Massachusetts

By David Ullian, Jennifer Flanagan
Nov 2, 2022

This Bloomberg Law article by David Ullian and Jen Flanagan explores the evolution of the Massachusetts adult-use cannabis industry and how lawmakers, regulators, and industry advocates contributed to key recent legislative and regulatory developments.

[Webinar] Massachusetts Cannabis Regulatory Update

Aug 19, 2022

Massachusetts Legislature recently voted to pass marijuana reform legislation that will impact the cannabis industry in significant ways, particularly with respect to social equity. Watch this for an overview of the new law and insights into how it might impact your business.

New York Conditional Adult-use Cannabis Retail Dispensary Regulations Will Fast-track Licensing and Prioritize Justice Involved Individuals

By Michelle Bodian, Jennifer Cabrera, Bridgette Nikisher
Aug 16, 2022

On August 12, 2022, New York state announced the application window for Conditional Adult-Use Retail Dispensary Licenses (CAURD), which will be the first batch of adult-use retail licenses released in New York. CAURD applications will be available starting August 25, 2022 and close on September 26, 2022.

5 Things You Need to Know Before Entering the Cannabis Industry

By Brian Vicente
Apr 19, 2021

The cannabis industry is complex. Prospective cannabis business owners and other service providers interested in working with cannabis businesses are wise to take a step back and assess what it really takes to not only enter the cannabis industry, but to succeed in it.