Boston overhauling pot review process to boost involvement of minority entrepreneurs in Massachusetts’ burgeoning cannabis industry.
The farm, located near Lake Eufaula, uses chemically-treated waste from tilapia fish to grow the plants.businesses to boost involvement of minority entrepreneurs in Massachusetts’ burgeoning pot industry.
And it creates Massachusetts’ first local fund supporting minority-owned marijuana companies, according to Janey and other city officials. She said it also provides “economic justice” to marginalized communities that have suffered for years under harsh drug enforcement policies and have so far not benefited from the lucrative legal pot industry.
Since Massachusetts voters approved recreational marijuana use and sales in 2016, more than 200 licenses have been issued statewide, according to the state Cannabis Control Commission. Only 10 are considered owned by minorities or disadvantaged populations. “There’s transparency, there are criteria that are fair, there are people in charge who are accountable for making those decisions, and there’s financial assistance available,” she said after observing Wednesday’s vote in City Hall. “Those four things create a model that other cities and towns should look to.”
The proposed overhaul also comes as federal prosecutors are investigating local corruption in Massachusetts’ cannabis industry.
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