Legislative TREND. State Social Impact Funds for Cannabis

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June 4, 2020

Where: Massachusetts

What? S2650 (2020 | MA)

How would Massachusetts social impact fund for cannabis function?

Creates the Cannabis Social Equity Loan Trust Fund
Offers no-interest loans to cannabis entrepreneurs from communities disproportionately impacted by “previous marijuana prohibition and enforcement”
Funded by revenue from the cannabis excise tax + private gifts, grants, and donations

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