With California cannabis retailers continuing to face a drawn-out licensing process, the city would put most of the funds toward its equity program.
SACRAMENTO, Calif. — While California's Department of Cannabis Control greenlit about $5.8 million in grant funds for the Sacramento Office of Cannabis Management on Dec. 24, 2021, the City Council has the final say on whether to accept the money.
The council is expected to vote on a final stamp of approval at Tuesday evening's meeting with more than $3 million being awarded because of Sacramento's Cannabis Opportunity Reinvestment and Equity (CORE) Program.
The funds come at a time when about 82% of the state’s cannabis licensees still held provisional licenses. As of April 2021, according to the governor’s office, there are more unlicensed retailers working in the state than licensed distributors.
