How Colorado Continues to Cultivate Cannabis Equity

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Cannabis Social Equity License Applicants The bill also created a statewide definition for which businesses qualify as cannabis social equity license applicants. Since the nationwide legalization movement began, Colorado has been a leader in progressive changes to outdated cannabis laws and innovation in cannabis business. James Coleman, said that “all hardworking Coloradans deserve a fair shot at sharing in the prosperity of the booming marijuana industry.” I agree. Colorado’s expansion of license ownership and criminal justice reform are creating more opportunities and helping shape the entire marijuana industry. This allows them to take advantage of an existing accelerator program in which business owners use existing cannabis facilities to build their companies.

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On Monday June 29, Colorado Governor Jared Polis signed HB 1424 into law, which allows him to mass-pardon Coloradans who have been convicted of minor marijuana possession. The law also expands the social equity program for marijuana business licenses to Colorado residents who have been arrested or convicted for a marijuana offense, lived in an area designated as high crime or economically disadvantaged, or have a certain level of income.

This legislative achievement is an outstanding step forward for Colorado. Before providing legal and consulting services to marijuana companies across the world, I cut my teeth serving as a federal prosecutor and defense...

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