Black Cannabis Entrepreneurs Are Still Struggling In California
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Additionally, worker shortages and outdated computer systems have slowed the licensing process. All of these factors raise prices and force more people to continue their cannabis purchases through the black market.
Seven cities in the state, Oakland, Los Angeles, San Francisco, Sacramento, Long Beach, Humboldt County, and Mendocino County, currently have cannabis social equity programs, and other cities in the state are developing them.
Morgan Fox, a spokesman for the National Cannabis Industry Association, believes cannabis social equity programs across the country often do not have enough resources, which often pits equity applicants against each other. Also, while social equity applicants wait for approval, other cannabis businesses are gobbling up prime real estate and funding.
Solutions for the problem include cannabis business owners who work in different levels of the cannabis industry such as cultivation, retail, and delivery grouping together; crowdfunding to help build capital.