California Cannabis Regulator Offers $100M To Aid Development Of Local Cannabis Businesses

California’s cannabis department has awarded nearly $100 million in funding to support local marijuana markets through the Local Jurisdiction Assistance Grant Program.

Seventeen cities and counties with a disproportionate number of provisional marijuana licenses, rather than full-year licenses, were awarded grant funding in amounts ranging from $400,000 to $22,000,000, according to a recent announcement from the Department of Cannabis Control.

California officially opened applications for the program In October.

Created to facilitate the transition of cannabis operators into licensure, provisional licenses provide cannabis businesses with a route to enter and remain in the legal market while completing local permitting processes and California Environmental Quality Act requirements.

– Read the entire article at Benzinga.

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