In this episode, we cover a headline from MJBizDaily: 1st Licensed Social Equity Craft Marijuana Grower Open For Business In Illinois
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Here is the breakdown:
Star Buds IL has become the first social equity craft marijuana grower to begin operations in Illinois. It is also the first "licensed predominantly Black-owned cannabis business" in the state.
The company was issued an operational permit by the Illinois Department of Agriculture. Of the 48 craft grow licenses issued by the department in July 2022, 20 (42%) are majority Black-owned, 17 (36%) are majority white-owned, 4 (8%) are majority Hispanic-owned, and 8% are owned by a partnership group.
All of the new licenses were issued to social equity applicants, defined as individuals living in disproportionately impacted areas with high rates of poverty, joblessness, marijuana-related arrests and convictions. The state has also issued 88 craft grow licenses, 54 infuser licenses, and 189 transporter licenses since 2021, in addition to the 21 existing cultivation centers approved under the state's medical marijuana law.
