In the spring of 2017, the Oakland City Council enacted landmark cannabis legislation. Along with prioritized permitting, exemption from application and permit fees, and technical assistance, the Council determined that a loan program was needed to assist historically-marginalized cannabis operators, given the lack of personal wealth in low-income communities and federal restrictions on bank lending.
Posted: June 26th, 2019 2:04 PM
Last Updated: January 20th, 2021 7:39 PM
The Equity Loan Program re-invests cannabis tax revenue into economic opportunities for those most impacted by the War on Drugs. Through the program, the City of Oakland seeks to reduce the costly fallout that results from economic marginalization and to contribute to a more prosperous and resilient City of Oakland for all residents. Visit Elevate Impact Oakland's website for details on the loan program. https://www.elevateimpactoakla...