Small operators, especially those from marginalized backgrounds, often find themselves lost in complicated licensing processes. Likewise, with federal prohibition still in existence, banks continue to hesitate, leaving many in the industry without essential financial support. It gets even trickier when you throw in social equity efforts. While some states are trying to fix past injustices, the rules aren't always clear.
State vs. Federal RegulationsOne of the most significant hurdles is the conflict between state and federal regulations. Michael notes, “Federal regulations create a lot of uncertainty. It complicates legal operations even in states where cannabis is legalized. You might be doing everything right locally, but it could all be undone by federal action.” This inconsistency puts pressure on businesses and owners. “It often leads to steep compliance costs as well.
“I’ve seen people with passion and vision struggle simply because they didn’t have the right guidance,” he shares. “That’s why I emphasize mentorship. It’s about sharing knowledge and resources to empower these individuals.” Multimillion-dollar state grant could help bridge SF digital divide State regulators awarded The City $10 million to expand broadband internet access in three of San Francisco’s poorest neighborhoods
Michael’s work also aligns with state initiatives aimed at fostering inclusivity. The ‘social equity’ initiatives ensure that those who have been disproportionately affected by past cannabis laws can become a part of this evolving industry. Through these efforts, Michael is championing social equity while contributing to a more diverse and representative cannabis marketplace.