Dan UlloaNY Cannabis Social Equity Investment Fund Problems Offers Lessons for NJ
To address access to capital for cannabis entrepreneurs, the NY Cannabis Social Equity Investment Fund was established. NJ can learn from it.
Heady NJ Guest AuthorA Source of Capital for New Jersey Cannabis License Startups
Capitalizing New Jersey cannabis license applicant startups is a serious issue. While there are few sources many can go to for money, the Cannabiz Management firm is helping many. There are few sources for eager hustlers to take advantage of to secure the funds needed to build their dreams. Minority-owned companies seeking a New Jersey […]
NJEDA Plans to Help NJ Cannabis Companies Access Capital
The New Jersey Economic Development Authority is working to help struggling New Jersey cannabis companies access capital needed to open.
NJEDA Announces Launch of Cannabis Grant Program
The New Jersey Economic Development Authority (NJEDA) announced the creation of its Cannabis Equity Grant Program. It is long awaited. Up to $10 million in state funding will be available for applicants. It’s designed to help start-ups with early-stage expenses and technical training. “The establishment of the Cannabis Equity Grant Program will help aspiring small business owners […]
Financial Help for Entrepreneurs Discussed at NJ Cannabis Conference
The Canna One Expo NJ cannabis conference focused on Business 2 Business (B2B) issues like access to capital was held in the Edison Expo Center in the Raritan Center. A panel called “CannaCulture: Partnerships in Diversity, Equity, and Inclusion” moderated by Canna Coverage CEO and NJ Co-Director of Minorities 4 Medical Marijuana (M4MM) Nichelle Santos […]
Bill to Help Cannabis Firms in Impact Zones Passes NJ Legislature
The New Jersey Legislature passed a bill introduced by Senate President Nick Scutari (D-Union) to help small cannabis companies in impact zones access financial assistance. His bill, S 2945, requires a portion of funds made available under a New Jersey Economic Development Authority (NJEDA) program to be reserved for businesses operating within an impact zone. […]
Murphy’s New Budget Includes Spending Adult-use Cannabis Tax Revenue
Governor Phil Murphy (D) delivered his fifth annual budget address. It outlined his Fiscal Year (FY) 2023 budget proposal, which includes spending cannabis tax revenue. “The budget I propose today continues the work of the past four years. Restoring fiscal responsibility, promoting economic growth, and making New Jersey stronger, fairer, and more affordable for our […]
House Passes Bill Including Marijuana Banking Again
The House of Representatives passed the America COMPETES Act of 2022, which includes provisions for easing marijuana banking. On Friday, the language of the Secure and Fair Enforcement (SAFE) Banking Act was added as an amendment. It was done by the bill’s sponsor, Rep. Ed Perlmutter (D-CO). The bill would allow banks and other financial […]
Minority NJ Medical Cannabis Dispensaries Investing Bill Now Law
Governor Phil Murphy has signed into law a bill allowing entities to own up to 35 percent of seven minority, women, and disabled veteran-owned medical cannabis dispensaries to provide them with capital. The law is A-5179/S-2875. It says investors offering financial assistance to businesses applying for NJ medical cannabis dispensary permits can own up to […]
Heady NJ StaffCHT Accelerator Receives 100K to Help NJ Cannabis Social Equity License Applicants
Cognitive Harmony Technologies (CHT) Accelerator has received a $100,000 donation from Pangaea Health and Wellness, LLC. They will assist five companies chosen for scholarships for NJ cannabis social equity license applicants. Pangea hired Harvest 360 to help them. They are for five applicants to be able to use their service. NJ.com and the NJ Veterans […]
Public Bank Proposal Could Fund NJ Cannabis Entrepreneurs
NJ Cannabis entrepreneurs often have great difficulties thriving in the industry due to a lack of capital. A Public Bank could change that. Campaign Organizer of Brandon Castro of the NJ Work Environment Council (WEC) is organizing support for a State Bank which could help NJ cannabis entrepreneurs. WEC is a progressive alliance of 70 […]
Jay-Z Wants to Set Up Fund to Help Minority Cannabis Entrepreneurs
The rap mogul Jay-Z wants to help Hispanic and Black minority cannabis entrepreneurs get into the cannabis industry through his new company. “We know we can’t fully redeem the injustices created by the War on Drugs. We can help shape a brighter and inclusive future,” Jay-Z said. “The brands we build will pave a new […]
- 1
- 2
