Equitable Opportunities Now
“Massachusetts made history with a nation-leading economic empowerment law when they legalized cannabis with Question 4, and nearly six years later, Legislators today made history with this vital — and overdue — grant and loan fund,” said Equitable Opportunities Now Co-Founder and Question 4 Co-Author Shanel Lindsay
“Without banking, there’s no way for a small business like ours to get their doors open without going to investors,” said Armani White, a Roxbury activist and marijuana business owner looking to break ground on a Hyde Park retail establishment soon. “This will allow us to not rely on that as much and allows us to be in a better financial position.”
Shanel Lindsay, a marijuana advocate who took part in the 2016 initiative petitions said that the governor and lawmakers “have made history with this vital — and overdue — grant and loan fund.
“This bill is an important step forward in undoing the harms of prohibition and over-policing and will provide an important path for families of color to create jobs in their community and generate generational wealth.”
“This bill is an important step forward in undoing the harms of prohibition and over-policing and will provide an important path for families of color to create jobs in their community and generate generational wealth.”
AFTER YEARS OF ADVOCACY by community members, entrepreneurs, Cannabis Control Commissioners, and lawmakers, the Legislature is finally on the verge of passing comprehensive cannabis reform legislation that will help deliver on Question 4’s promise to support equitable opportunity in this new market.
Both chambers’ bills take major steps toward improving equitable market participation through access to capital, incentives for equity in local licensing, and reforming our broken host community agreement system. Now, the devil is in the details.
The House increased its proposed cannabis equity funding from 15 percent to 20 percent, thanks to Rep. Tyler’s advocacy and the support of leadership. Unfortunately, the Senate bill only allocated 10 percent.
Now is the time to let your state representatives and senators know that you hope they will encourage the Conference Committee to fully fund equity with 20 percent of cannabis revenue in the final bill.
Under the state’s current social equity program, only 23 of the state’s 253 licensed cannabis businesses are owned by entrepreneurs qualified for the economic empowerment and social equity programs administered by the Cannabis Control Commission. Shanel Lindsay, the co-founder of the advocacy group Equitable Opportunities Now, praised lawmakers in the House for the change and urged senators to retain the higher percentage in a compromise version of the bill.
This wasn’t always Kee’s plan. She says that she was selling weed on the black market until Boston attorney and activist Shanel Lindsay, who serves on the Massachusetts Cannabis Advisory Board, approached her and encouraged her to go legal. Eventually, she enrolled in the Massachusetts Cannabis Control Commission’s Social Equity Program, where she attended workshops, classes, and trainings on cannabis entrepreneurship in Massachusetts.
“We are excited and thankful to the Senate for pushing this bill forward, but disappointed by the low allocation to the equity fund,” said Shanel Lindsay