Deadline
Applications for the Cannabis Social Equity Grant Program are due by October 17, 11:59 p.m. ET.
Who is eligible
The program is open to marijuana establishments, medical marijuana treatment centers, and pre-licensed cannabis businesses within Massachusetts. Grant awards are designed to provide crucial financial support, with eligibility based on business license status and specific operational needs.
Details
In a groundbreaking move to promote equity in the cannabis industry, the Healey-Driscoll Administration and the Executive Office of Economic Development (EOED) have introduced the Cannabis Social Equity Grant Program. Funded through Massachusetts’ Cannabis Social Equity Trust Fund, this initiative will distribute up to $25 million in grants to eligible cannabis businesses.
Funding amounts will range from $25,000 to $500,000, distributed across four tiers according to the following priorities:
- Tier 1: Entry into the regulated cannabis industry
- Tier 2: Support for essential operational expenses
- Tier 3: Assistance with final licensure and business launch
- Tier 4: Funds to support business growth and expansion
This tiered approach ensures that businesses at different stages of development can access tailored support for long-term success.
Links
- For more information on eligibility criteria, and application guidelines, visit the Cannabis Social Equity Grant Program webpage.
