What is social equity in the cannabis market?

Social equity in the cannabis industry refers to the effort to ensure that the legal cannabis industry is inclusive and equitable, particularly for communities that have been disproportionately impacted by the war on drugs. This includes providing opportunities for individuals and businesses from these communities to participate in the legal cannabis industry, as well as addressing past harms and supporting reinvestment in these communities.

The war on drugs disproportionately targeted low-income communities and communities of color, leading to disproportionately high rates of arrests and incarceration in these communities. As a result, many individuals and communities have been left out of the legal cannabis industry due to criminal records or lack of access to capital and other resources.

Social equity programs aim to address these issues by providing assistance and support to individuals and businesses from disproportionately impacted communities. This can include financial assistance, training and education, and access to resources and networks. By promoting social equity in the cannabis industry, policymakers and advocates hope to create a more inclusive and equitable industry that benefits all members of society.

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