Are you interested in applying for a cannabis business license as a social equity applicant?
One of the primary benefits of doing this is with respect to the real estate.
Social Equity applicants only need to provide a plan for having sufficient real estate, while non-Equity Applicants need to own or have a contract for a specific location.
Here’s who qualifies as an Equity Applicant:
The MRTA identifies the following applicants as Equity Applicants:
- Individuals from communities disproportionately impacted by the enforcement of cannabis laws.
- Minority-owned businesses.
- Women-owned businesses.
- Distressed farmers.
- Service-disabled veterans.
The MRTA defines minorities as US citizens or permanent residence that are able to demonstrate membership in one of the following groups:
- Black persons having origins in any of the black African racial groups.
- Hispanic persons of Mexican, Puerto Rican, Dominican, Cuban, Central or South American of either Indian or Hispanic origin, regardless of race.
- Native American or Alaskan native persons having origins in any of the original peoples of North American.
- Asian or Pacific Islander persons having origins in any of the far east countries, south east Asia, the Indian subcontinent or the Pacific islands.
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