The City of Long Beach Direct Grants Program provides financial assistance to eligible equity applicants and equity businesses to gain entry into, and successfully operate in, the regulated cannabis marketplace.
Donor Name: City of Long Beach
State: California
City: Long Beach
Type of Grant: Grant
Deadline (mm/dd/yyyy): 02/28/2022
Size of the Grant: $150,000
Details:
The purpose of direct grants is to offset non-City costs associated with completing each phase of the cannabis business license application and permitting process.
Cannabis Business Licensing Direct Grant Milestones
Equity Applicants and Equity Businesses who complete the following cannabis business licensing direct grant milestones are eligible to receive the grant amounts associated with each milestone.
Direct grants funding has been made available through the State of California, Governor’s Office of Business and Economic Development (GO-Biz). The requirements to qualify for each milestone and/or grant amount may vary.
Funding Information
Eligible applicants may receive up to $150,000 in funding to secure a lease agreement for a commercial property for their cannabis business.
Eligibility Requirement
To participate in the direct grants program, the following eligibility requirements must be met:
- Qualify as an Equity Applicant – To qualify as an Equity Applicant, you must have received a Cannabis Social Equity Program Verification Letter issued by the Office of Cannabis Oversight (OCO).
- Qualify as an Equity Business – To qualify as an Equity Business, you must have submitted an adult-use cannabis business license application to the City and received a Verification of Equity Business Status Letter issued by the Business License Division.
For more information, visit Direct Grant Program.