Here at North Star, we are optimistic that there will be a special licensing round in July for social equity applicants only. But WHO qualifies as a social equity applicant?
Assuming that the Legislature gives the thumbs-up to OCM's definitional changes as well as the July round, social equity applicants have to meet one of the three following prongs:
1) You or a close family member were convicted of possession or sale of cannabis prior to May 1, 2023 [note: this could be in any state, or federal, as I read it];
2) All military veterans qualify; or
3) You have been a resident for 5+ years of an area that meets certain standards for poverty or disproportionate enforcement of drug laws.
(The broad "emerging farmer" term is most likely going to be removed.)
Also, an entity qualifies as a social equity applicant if 65% of its equity is held by social equity applicants.
Do you qualify? Maybe? Reach out and let's talk.