NACB drawing up marijuana social equity advice for state regulators

NACB drawing up marijuana social equity advice for state regulators

One of the cannabis industry’s only self-regulatory standards organizations is creating social equity recommendations for state rulemakers.

The goal of the National Association of Cannabis Businesses, based in Washington DC, is to get state marijuana regulators to change their ways.

Regulators have shown a tendency to want to start from scratch when developing rules for new cannabis programs and fail to consult other states’ existing frameworks.



According to a news release, the NACB’s recommendations will address:

  • Criteria for social equity licensee candidates.
  • Support and services for qualified candidates.
  • Funding to disproportionately impacted communities.
  • Social justice reform.

“The objective is to assist all regulated cannabis states to move forward with programs to improve social and economic welfare at the local level,” Gina Kranwinkel, president and CEO of the association, said in a statement.

Kranwinkel said states can give licensing preferences and low-interest loans to create business ownership opportunities and jobs in disadvantaged communities.

For a sampling of organizations and efforts that support, foster and enhance social equity in the cannabis industry as well as opportunities for minorities, overall diversity and racial justice, click here

Published at Mon, 13 Jul 2020 20:49:28 +0000

Posted in: News

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