San Diego granted nearly $900,000 for cannabis entrepreneurship equity

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San Diego granted nearly $900,000 for cannabis entrepreneurship equity
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'An acknowledgment of historic institutional racism and systemic inequity is key to understanding disparities in the cannabis industry,' said Kim Desmond, the city's chief of race and equity.

SAN DIEGO - San Diego was awarded more than $880,000 Thursday by Gov. Gavin Newsom's Office of Business and Economic Development to"promote equity" in the local cannabis industry.

"The historical enforcement of drug laws produced profound disparities in business ownership, wage earnings and mass incarceration within the criminal justice system for African American/Black, Latino and Native American/Indigenous communities," said Kim Desmond, the city's chief of race and equity."An acknowledgment of historic institutional racism and systemic inequity is key to understanding disparities in the cannabis industry.

According to the city, the GO-Biz funds will be disbursed locally, going toward permitting and licensing fees, education and training and property rental assistance for industries that support local cannabis businesses -- such as finance, marketing, advertising and legal services.

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