Attention RAM Cannabis Members!

 
Cannabis Social Equity Trust Fund Grant
Application Period Now Open

The Healey-Driscoll Administration this week announced the availability of additional financial assistance from the Cannabis Social Equity Trust Fund with the launch of the new Social Equity Grant Program, which will offer grants to current and pre-licensed cannabis industry entrepreneurs. The Social Equity Grant Program (Grant Program) seeks to address the financial needs of Massachusetts cannabis social equity businesses by providing grants to eligible Marijuana Establishments, Medical Marijuana Treatment Centers, as well as Pre-Licensed Cannabis Business. The Grant Program will distribute grants to promote and support the increased participation of social equity participants in the cannabis industry.
 
To be eligible to apply for funds from the Social Equity Grant Program, applicants must be a duly organized business entity in good standing and located in Massachusetts that qualifies as a Pre-Licensed Cannabis Business or a Marijuana Establishment or Medical Marijuana Treatment Centers with a Provisional or Final License issued by the Commission that has a majority of ownership designated by the Commission as Economic Empowerment Priority Applicants or Social Equity Program Participants.

 
Grant Program Timeline:

• Application period opens September 24, 2024
• Informational webinar - October 1, 2024, at 12:00 PM
• Application deadline - October 17, 2024