NACB Aims to Increase State-Led Cannabis Social Equity Programs

NACB will create social equity recommendations for state legislators in order to create cannabis business opportunities and jobs in disproportionately-impacted communities

Washington, DC, July 08, 2020 (GLOBE NEWSWIRE) -- The National Association of Cannabis Businesses (NACB) announced today that it will begin drafting recommendations for social equity programs as a way to correct social injustices that have plagued the cannabis community for years. These recommendations will provide policymakers with best practices to incorporate into state/federal equity programs. Recommendations will address criteria for social equity licensee candidates, support and services for qualified candidates, funding to disproportionately-impacted communities and social justice reform. Social equity programs ensure that communities and individuals can benefit economically from cannabis legalization after having experienced prosecution, incarceration and other consequences from the decades-long war on drugs.

“The objective is to assist all regulated cannabis states to move forward with programs to improve social and economic welfare at the local level. States can give licensing preferences and low-interest loans to create business ownership opportunities and new jobs in heavily impacted and disadvantaged communities. Furthermore, all candidates that meet social equity licensee qualifications will receive a complimentary one-year membership to the NACB and access to all its work on responsible business practices in the cannabis industry,” said Gina Kranwinkel, President and CEO of NACB.

The National Association of Cannabis Businesses is the only cannabis organization dedicated to developing and publishing consensus standards of responsible business practices in the industry. When the social equity recommendations are completed, they will take their place alongside adopted NACB standards. Such standards include advertising, packaging and labeling, cybersecurity and others governing the cannabis industry.

About the National Association of Cannabis Businesses (NACB): The National Association of Cannabis Businesses (NACB) is the industry’s first and only self-regulatory organization whose mission is to advance the industry by building consensus around best practices, promoting business responsibility and demonstrating to regulators what transparent and responsible regulations should look like. Compliance with NACB national standards is required for ongoing membership in the NACB.


Contact Data