Social Equity in NY.
The New York Cannabis Control Board named Damian Fagon the Chief Equity Officer for the Office of Cannabis Management. Damian will oversee all equity initiatives through OCM and deliver an annual report to the legislature on the efficacy of social equity programs and the revenue generated from conditional licenses. They also announced that former NBA all-star, Chris Webber, will manage the social equity cannabis investment fund. “The fund will be supported by $50 million from licensing fees and another $150 million which Webber will work alongside former New York City Comptroller Bill Thompson to fundraise from private investors.” grownin.com
Is the white house committed?
White House drug czar said on Monday that the Biden administration is committed to incremental cannabis reform such as rescheduling cannabis. He added that the president believes existing federal marijuana policies “have not worked.” President Biden has been criticized for the lack of meaningful action to reform federal cannabis policies. marijuanamoment.net
Protecting the states.
A House committee is scheduled to vote today on an amendment that would protect all states, territories, and tribal cannabis programs from federal interference. “With bipartisan support, the committee should absolutely include this practical improvement to the existing DOJ spending policy to protect the 45 percent of Americans who have access to state-legal marijuana programs,” said Justin Strekal, founder of the BOWL PAC. “Anyone appropriator who opposes this amendment is anti-freedom and pro-government waste.” marijuanamoment.net
