New Jersey Announces $10 Million ‘Cannabis Equity’ Grant For Startup Companies

By Tennyson Donyéa, WHYY on December 26, 2022

Startup companies in New Jersey say the process of opening a cannabis business is challenging, especially in communities negatively impacted by the War on Drugs.

Some feel left out because most weed retailers currently approved by the state are large corporations formed outside New Jersey. They also say it’s harder to secure funding and real estate sometimes due to the stigma around cannabis.

Now, startups can procure some capital after New Jersey announced a $10 million program called the Cannabis Equity Grant.

– Read the entire article at WHYY.