“In the beginning there was the feeling that the rush was to legalize and people felt that the social justice and equity elements would be added after the legislation had passed or that these organizations or companies would do the right thing,” she said.
Aside from overseeing medicinal and recreational use, the office will “administer social equity licensing opportunities, develop an egalitarian adult-use market structure and facilitate market entry through access to capital, technical assistance and incubation of equity entrepreneurs.”Philadelphia Association of Black Journalists
“The fact is that minority ownership in this space is going to be very low until there is more access to capital, more access to low interest loans and more access to better banking practices,” Chappell said. “Some companies have to show what their diversity plan is before they can apply for a license to sell, but there is no enforcement around that.”
rolandsmartin ?
okbuddyjane Most of them locked up or don’t have the resources.
Are freaking kidding me? When will you post news?
I am white and I do not have the capital to invest! Wtf always a race issue,?
The marijuana licenses are political. In New Jersey you have to pay a 20k non refundable application fee then those who are chosen are picked by a board. Like Bernie said the government doesn’t give a fuck about black people
Shut up.... only minorities were aloud in the Illinois market. No white people aloud!
So let me make sure I get this. Illegal marijuana is bad because it disproportionately effects African American incarnation rate which is racist. Legal marijuana doesn’t provide enough opportunity for African American community to profit which is racist.
It’s weed, not crack.
😂 yup everything is racist.
Economic racism? 🥵🤯😱
systematic economic racism? loll wtf
Are they looking for Affirmative Action guidelines to get them in or are they looking for a federal $ assistance program to put them in business? C'mon stop complaining man-up and figure it out.
Remember when we wanted to make housing more accessible to minority communities? That turned out great didn't it? In WA it costs about 1 mil to get a store & permit. How many people have that kind of collateral, regardless of race? I sure as fuck don't & would be turned down.
We knew that this would happen.
Never did I think about economic racism keeping people out of the marijuana business
NBC is racist.
Or they dont wanna pay the outrageous taxes the Government charges... yeah speaking of when are the roads gunna get fixed. I think the pothole in front of my house swallowed a F-350 the other day. Pun intended
They doin fine slingin weed the old-fashioned way.
Mmmmm...then how did they become entrepreneurs as your headline indicates?
Instead of attribution to the ‘obvious’ var, ‘race,’ look at a $ var instead. Just bc that may be unavailable you can’t then imply race as the core differentiator. Misleading. Instead, it is whichever variable ‘explains’ the most, here prob $ not race or discrimination.
Awww. Is it “racism” again! Predictable.
I read the headlines...then went back to Antonio Browns page he’s got better bullshit to read about
The fact is that minority ownership in this space is going to be very low until there is more access to capital, more access to low interest loans and more access to better banking practices,” I HAVE THE SAME PROBLEM, WHAT’S MY SOLUTION?
Imagine that. Liberal states who legalized weed deny minorities from being able to sell it legally. WokeAF
Fk trumpnews¡¡!! Two tweets in a row for Magats. Blocking
'Systematic economic racism'. Pretty weird how minorities across the world risk their lives coming to such a racist country.
Is this a fucking joke?
Blacks have the highest percentage of users so they are heavily involved
At last!!! At last!!! Th issue of POT/WEED/ Cannabis has hit th mainstream in such a way that we're actually talking about th lack of oppurtunities, for a certain segment, in this *new* American industry. I'm gonna go have a HIT and a beer just for th occasion.
Hard to provide loans to people if the banks can’t officially deal with an industry considered illegal by the Federal government.
Look at Florida’s program, it’s good ol boys colluding on a multi-billion-dollar monopoly.
Every county should sell and Latinos too.
The number of African Americans on GM's board of directors remains low. The solution is not to arrest people for driving cars. Or for having a leaf in their possession.
General Electric owns NBC General Electric's net worth is $70 billion General Electric should provide interest-free loans to black people who want to get into the marijuana trade Problem solved!
NBC is racist.