Bill > S2660

This bill aims to support partnerships between the cannabis industry and municipalities in Massachusetts. The key provisions are: 1) It defines "social equity business" and "social equity program" to provide training and technical assistance to eligible applicants and licensees from communities disproportionately harmed by marijuana prohibition. 2) It requires 1% of the 10.75% total sales tax from a social equity business to be distributed to the host city/town, with the remaining 9.75% going to the marijuana regulation fund. 3) It establishes procedures and policies for host communities to promote and encourage participation in the marijuana industry by people from communities disproportionately harmed by prohibition. If a host community fails to do so, their community impact fees must be deposited into a Cannabis Social Equity Trust Fund. 4) It creates the Cannabis Social Equity Trust Fund to provide grants and loans to social equity program participants and economic empowerment priority applicants. 5) It requires the Cannabis Control Commission to administer a social equity program to enable full participation in the industry by people from communities harmed by prohibition.

Budget and Finance

Joint Committee on Cannabis Policy (J)

https://malegislature.gov/Bills/192/S2660