Bill

Bill > H166


MA H166

Relative to a social equity training and technical assistance fund


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to establish a social equity and technical assistance trust fund to encourage and facilitate assistance to social equity applicants seeking to enter the cannabis industry. Cannabis Policy.

AI Summary

This bill establishes a Social Equity and Technical Assistance Trust Fund to encourage and facilitate assistance to social equity applicants seeking to enter the cannabis industry in Massachusetts. Social equity applicants are defined as certified economic empowerment applicants and social equity program participants, as determined by the Cannabis Control Commission. The fund can be used for assistance, training, and inclusion into the cannabis industry, and will be administered by the Secretary of Housing and Economic Development in consultation with the Cannabis Control Commission. The fund can receive various revenue sources, including appropriations, bond revenues, investment income, and donations, and any balance at the end of the fiscal year will remain available for expenditure in subsequent years. The Secretary of Housing and Economic Development is required to report annually on the activities and expenditures of the fund.

Committee Categories

Health and Social Services

Sponsors (4)

Last Action

Accompanied a new draft, see H4440 (on 02/09/2022)

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