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EDA program to offer equity grants for cannabis startups

Up to $10M available, with 60% dedicated to social equity applicants

12/28/2022

NJ Spotlight News

EDA program to offer equity grants for cannabis startups

Clip: 12/28/2022 | 4m 4sVideo has Closed Captions

Up to $10M available, with 60% dedicated to social equity applicants

Cannabis industry advocates are applauding the state's efforts to make sure everyone entering the new market has a fair shot. The New Jersey Economic Development Authority is launching a pilot program to help alleviate some of the costs that startups face. Under the cannabis equity grant program, up to $10 million in funding will be made available, with 60% dedicated to social equity applicants.

12/28/2022

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