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US (CA): Over $1.5M in equity funding for Sacramento industry

The City of Sacramento has been awarded $1.68 million in state funding to increase equity in its local cannabis industry.

The funding, part of the Cannabis Equity Grants Program for Local Jurisdictions, is provided by the Governor's Office of Business and Economic Development (Go-Biz).

The grant program seeks to "advance economic justice for individuals most harmed by cannabis criminalization and poverty by providing support to local jurisdictions as they promote equity and eliminate barriers to enter the newly regulated cannabis industry for equity program applicants and licensees," the Governor's office said.

Sacramento received the fourth highest allocation from the $15 million program, behind Oakland, San Francisco and Los Angeles. Sacramento previously has been awarded this funding, which it has used to support members of its Cannabis Opportunity Reinvestment and Equity (CORE) program.

Read more at The Observer