Denver, Colorado Releases Cannabis Business Equity Study

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On Monday, May 8, Denver released the City and County of Denver Cannabis Business And Employment Opportunity Study. It looked into potential plans to improve equity, such as more training, license fees in some cases, and social equity funds. Fortunately, this study arms us with key information that will help us take new steps to improve equitable access to the cannabis industry in Denver. Seventy-five percent of those who answered and were cannabis business owners were white, and African Americans only make up 6 percent of the population of those who work in or own cannabis businesses. Some of the major hurdles the study named are banking regulations, start-up costs, finding a place for the business, zoning, obtaining licenses, and licensing procedures.

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On Monday, May 8, Denver released the City and County of Denver Cannabis Business And Employment Opportunity Study. The city commissioned this study so that they can help lawmakers make smart moves when it comes to licenses, policy changes, and other major milestones. 

“This study sadly confirmed what was widely suspected,” said Ashley Kilroy, Denver Excise and Licenses executive director. “Just like...

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