Following important cannabis news articles every day can be a real burn-out, we know. That’s why the Emerald rolls up a chronicle of the headiest news hits, and passes them to you at the end of each week. We Bring You: The Dime.
California County Offers Grants to Legacy Cannabis Operators
On August 16th, officials with Project Trellis in Humboldt County, California — a trio of counties known for producing the largest amount of cannabis in the U.S. — announced its second round of state-awarded funding for local cannabis operators. Project Trellis’ Local Equity Program will award the money to social equity applicants that qualify for them through a series of grants. To qualify, applicants must be Humboldt County residents; have 20% or more ownership/stake in a business; and meet household income limits. Applicants who qualify can apply for “$10,000 per service, unless otherwise indicated,” according to Project Trellis. The application period closes on September 17th.
Kevin Durant’s Company Partners with WeedMaps
Pro basketball player, Kevin Durant, and his venture capital company Five Thirty Ventures, have formed a deal with WeedMaps, reports Forbes. Together, they will develop content focused on the intersection of cannabis, sports and social equity. Durant’s sport broadcasting company, Boardroom, will also create podcasts and videos as part of the deal.
New Jersey Comes Closer to Adult-use Retail Sales
In November 2020, New Jersey voters approved a bill to legalize recreational cannabis. However, residents are still waiting for sales to begin. That’s because the state has yet to hash out details for licensing, regulations, etc. However, on Thursday, August 18th, regulators approved rules to help set up retail sales, reports Marijuana Moment. Some of those include a license cap at 37, and limits on cultivation. Additionally, the new rules also allow localities to ban storefronts, but not deliveries, in their jurisdictions.