Cann American Corp (CNNA)

[GringoLocoNY]

The California Department of Cannabis Control (DCC) released guidelines and application requirements last week for a $100 million local jurisdiction grant program, according to an agency press release. The program was proposed by Gov. Gavin Newsom in his 2021-2022 budget which was approved by the legislature.

The purpose of the grants is to help local jurisdictions transition the high number of provisional licenses into the more permanent annual license type. Specifically, the grants are meant to streamline the license transition process for local governments and help to meet California Environmental Quality Act (CEQA) requirements. There is additional funding for localities with social equity programs to help transition social equity licensees who hold provisional licenses to annual licenses.