Will Alabama cannabis commission satisfy state law on awarding licenses to minority business owners?

  • 📰 aldotcom
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

According to the law, at least a quarter of the awardees in all but one category (integrated facility) must be minority-owned. For the integrated facility category, where up to five licenses will be awarded, the minimum threshold is 20 percent.

will award licenses to grow, process, test, transport, and dispense the drug in the state for medicinal purposes.

According to the law, at least a quarter of the awardees in all but one category must be minority-owned—defined as at least 51 percent owned by individuals of African American, Native American, Hispanic, or Asian descent. For the integrated facility category, where up to five licenses will be awarded, the minimum threshold is 20 percent.

The other categories are cultivator , processor , dispensary secure transporter , and state testing laboratory .About one-third of the 90 applicants qualified by the commission “indicates that the applicant is majority owned and controlled by a minority group,” commission spokesperson Brittany Peters shared in an email.

The commission “will satisfy the minority criteria set by the statute,” Peters wrote. “If this cannot be accomplished in the current offering of licenses, then a future offering of licenses may be necessary.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 82. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines