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When Massachusetts voters legalized adult-use cannabis in 2018, the language of the ballot initiative explicitly said the benefits of the industry should go toward communities disproportionately impacted by the War on Drugs. This made Massachusetts the first state to mandate equity and inclusion into the legal cannabis framework. Yet, that didn't happen in the first few years, as the overwhelming majority of marijuana business licenses went to companies with wealthy investors, some of them quite large. People of color hold 10.8% of cannabis business licenses, in a state where they comprise 29% of the population, and less than 6% of licensees meet the defintion of those impacted by the War on Drugs. The Massachusetts legislature passed a cannabis industry reform bill in May, including providing more funding for economic empowerment applicants, in order to increase diversity among business licensees.
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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When Massachusetts voters legalized adult-use cannabis in 2018, the language of the ballot initiative explicitly said the benefits of the industry should go toward communities disproportionately impacted by the War on Drugs. This made Massachusetts the first state to mandate equity and inclusion into the legal cannabis framework. Yet, that didn't happen in the first few years, as the overwhelming majority of marijuana business licenses went to companies with wealthy investors, some of them quite large. People of color hold 10.8% of cannabis business licenses, in a state where they comprise 29% of the population, and less than 6% of licensees meet the defintion of those impacted by the War on Drugs. The Massachusetts legislature passed a cannabis industry reform bill in May, including providing more funding for economic empowerment applicants, in order to increase diversity among business licensees.