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Bill > H178
MA H178
MA H178To ensure the equitable empowerment of minority-owned businesses within communities disproportionately Impacted by the failed war on drugs
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to establish a cannabis community empowerment fund to offer low- or no-interest loans to certain minority-owned businesses. Cannabis Policy.
AI Summary
This bill aims to establish the Cannabis Community Empowerment Fund within the Massachusetts Development Finance Agency to offer low- or no-interest loans to eligible minority-owned businesses, particularly social equity and economic empowerment applicants, as well as certified Massachusetts Minority Business Enterprises located in areas disproportionately impacted by the "war on drugs". The bill also imposes limitations on community impact fees that can be charged by host communities to marijuana retailers and treatment centers, and requires the Cannabis Control Commission to review and enforce host community agreements. Additionally, the bill mandates annual transfers from the Marijuana Regulation Fund to the Empowerment Fund and allows voluntary contributions from cannabis licensees and applicants to satisfy the "positive impact plan" requirement.
Committee Categories
Health and Social Services
Sponsors (7)
Jon Santiago (D)*,
Marcos Devers (D),
Vanna Howard (D),
Jack Lewis (D),
Liz Miranda (D),
Jim O'Day (D),
Tommy Vitolo (D),
Last Action
Accompanied a new draft, see H4440 (on 02/09/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H178 |
| Bill | https://malegislature.gov/Bills/192/H178.pdf |
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