Search

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.


Read More Here:


https://harrisbricken.com/cannalawblog/new-york-cannabis-licensing-part-3-the-social-and-economic-equity-plan/


#cannabis #cannabisindustry #cannabisnews #cannabislicensing #newyork



10 views0 comments