New cannabis equity law offers hope for potential business owners
Massachusetts’ new cannabis equity law is drawing praise from advocates who say it will help ease barriers to entry for aspiring cannabis business owners from marginalized communities and promote more equity in the state’s multi-billion dollar industry. The law, signed by Governor Charlie Baker this week, has several key components. It will establish an equity trust fund to be funded with a 15% slice of recreational marijuana tax revenue, limit cities and towns from paying exorbitant fees to marijuana businesses within their borders, and pave the way for social consumption sites by authorizing cities and towns become asking voters ifRead News