San Diego’s proposal to establish a social equity program would present eligibility criteria that would help participants find locations, get financing, and get critical mentorship from existing members of the cannabis industry.
It would create a revolving loan fund that would begin with $5 million in city cannabis tax revenue. That probably won’t be an issue, as San Diego recorded over $24 million in cannabis tax revenue that was collected during the fiscal year that ended June 30.
Only those who meet these two criteria will be eligible:
Applicants must have been convicted of a cannabis crime, or have had
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