Equity Share Statement With Multiple Conditions In Los Angeles
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(i) “Social Equity Individual Applicant” means an individual who meets two of the following three criteria: (1) Low-Income; (2) a prior California Cannabis Arrest or Conviction; (3) ten years' cumulative residency in a Disproportionately Impacted Area.
A social equity applicant in the United States cannabis industry is an individual or entity that meets specific criteria related to ownership, control, and residency, with the goal of promoting economic empowerment and representation for communities historically impacted by cannabis prohibition.
Cannabis Manufacturing Licenses Type 6: "Manufacturing Level 1": The manufacture cannabis products for medicinal cannabis use using nonvolatile solvents, or no solvents, as defined by the Business and Professions Code, Section 40100.
Complete your application Fill in the required fields in the licensing system and upload any needed documents. Make sure you disclose all your business's owners and financial interest holders. The DCC licensing systems let you save your progress as you go, so you do not need to complete it all in one sitting.
(i) “Social Equity Individual Applicant” means an individual who meets two of the following three criteria: (1) Low-Income; (2) a prior California Cannabis Arrest or Conviction; (3) ten years' cumulative residency in a Disproportionately Impacted Area.
A person who meets the eligibility criteria for a Social Equity Licensee can participate in the Division's “Accelerator Program” or may apply to independently own and operate a Regulated Marijuana Business license.
Social equity grants minoritized groups with equitable access to the resources that they need to achieve an equal outcome to more advantaged groups.