Colorado Governor Announces New Cannabis Business Office With Focus On Social Equity
They will offer resources to people from the communities most impacted
Colorado officials on Wednesday announced the launch of a new office to provide economic support for the state’s marijuana industry.
The Cannabis Business Office (CBO) “shows our administration’s focus on growing this thriving industry that supports jobs and our economy,” Gov. Jared Polis (D) said in a press release.
The division, which was created as part of a bill signed into law in March, is being funded by cannabis tax revenue. It will focus on creating “new economic development opportunities, local job creation, and community growth for the diverse population across Colorado.”
Importantly, it will be prioritizing social equity, offering resources to people from communities most impacted by marijuana criminalization. That includes loans for equity businesses, grants to support job creation and technical assistance.
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