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BLACK, BROWN & SOCIAL EQUITY CANNABIS BUSINESS IN CRISIS!
Many of you may have watched Hasan Minhaj’s “Patriot Act: Legal Marijuana Industry is Rigged” if not, the rundown is, it’s been difficult for BIPOC to meaningfully participate in the legal cannabis industry despite the high rates of criminalization during prohibition. In cities with Cannabis Equity Programs like Oakland and San Francisco we have higher percentages of black and brown cannabis business ownership than anywhere in the country, but are still struggling to access capital and affordable real estate that would help our businesses thrive in the same way that the 81% white owned cannabis businesses are thriving.
During the Uprisings sparked by the murder of George Floyd by Minapolis Police, many of the cannabis businesses in the Bay Area were robbed & burglarized by organized thieves and looters. Our BIPOC & Equity Cannabis Business were hit hard and many of them were struggling to stabilize to begin with.
This fund is a direct response to losses suffered by our community of cannabis businesses. as they have lost hundreds of thousands of dollars in property damages and product losses. Insurance will not cover most losses.
We are asking for you to help us create waves of support to help our BIPOC cannabis community recover and stay in the game.