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Councilman Seeks To Use Cannabis Tax Revenue To Help Harmed Communities - Vimarsana News

Councilman Seeks To Use Cannabis Tax Revenue To Help Harmed Communities

By City News Service May 12, 2021 LOS ANGELES (CNS) - Los Angeles Councilman Curren Price today introduced a motion to explore allocating a portion of the city's Cannabis Business Tax to fund programs in communities disproportionately hit by marijuana prohibition. "In an effort to decrease disparities in life outcomes for marginalized communities, and to address the disproportionate impacts of communities harmed by the decades of criminalization of cannabis, the city should explore establishing a similar policy (to) the states of Illinois and New York, and dedicate a portion of its cannabis ...

Source: iheart.com
Illinois sitting on $62 million in cannabis revenue meant foster businesses, help neighborhoods - Vimarsana News

Illinois sitting on $62 million in cannabis revenue meant foster businesses, help neighborhoods

Despite promises that cannabis legalization in Illinois would fund more minority business participation and neighborhood improvements, the state has yet to spend $62 million collected for those purposes.

Illinois sitting on $62M in cannabis revenue meant to foster businesses, help neighborhoods hurt by poverty and violence - Vimarsana News

Illinois sitting on $62M in cannabis revenue meant to foster businesses, help neighborhoods hurt by poverty and violence

The theme for President-elect Joe Biden's inauguration will be "America United," an issue that's long been a central focus for Biden but one that's taken on added weight in the wake of the violence at the U.S. Capitol last week. Despite promises that cannabis legalization in Illinois would fund more minority business participation and neighborhood improvements, the state has yet to spend $62 million collected for those purposes. Part of the delay in awarding the money is due to problems with the state’s system to award new cannabis business licenses. The other reason for the holdup, offi...