Enticed by promises they could start cannabis companies, people of color are still waiting

Marcy Lyles, a single mother of three boys, has been trying to break into the cannabis business for a while now.

It’s been more than two years since the Los Angeles City Council passed its first ordinances regulating the newly legal cannabis business, and still, no social equity licenses have been granted.“We’re sitting here and we are really begging,” said Lyles, 46, wiping away tears. “They said they were going to protect us. We accepted the offer. But I’m losing faith in my city. They don’t care about us. It’s terrible.

“I came back here because I was proud L.A. was offering this opportunity for me to be an entrepreneur,” Sobers said. “For the last six months, no one has been responsive. So it makes me wonder, was this ever real?”Yes, it’s real and it will happen, vowed Cat Packer, the city’s cannabis czar. Packer is sensitive to these complaints. She is responsible for implementing the city’s byzantine, ever-changing cannabis policy, including its social equity program.

In April, the city began vetting would-be cannabis entrepreneurs who want to apply for licenses under the social equity program. Packer has held five workshops, which have drawn about 1,500 people.Applicants must be low-income, live in designated neighborhoods and/or have been convicted of a cannabis- related crime that is no longer illegal. Once they are vetted, they will be able to apply for businesses licenses, which will be awarded on a first-come, first-served basis, starting Sept. 3.

'To repair the harm done by the war on drugs' What the story needs to be . . 'To repair the harm done by the weak war on drugs . .'

Lock up our people for years but turn around n legalize something so you can make money y’all been the devil

How many of you have been buying WEED from a Black seller I didn't say 'drugs', I said MJ. How many of you hook that up through a Black individual? Asking bc I've always found it to be a white, Hispanic or Persianish person. Could just be my area...but that area is Atlanta so..

That’s pretty racist.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BlackRock's Fink: Companies are not waiting for a US-China trade talkBlackRock CEO Larry Fink joins 'Squawk Box' to discuss why many companies are moving their supply chains out of China instead of waiting for a trade resolution between Washington and Beijing. SquawkCNBC This is a good thing SquawkCNBC is this fakenews or insidernews insidertrading Why don't you tell us which CEOs so we all have the same information
Source: CNBC - 🏆 12. / 72 Read more »