Cannabis Business Development Program
Cannabis Business Development Program: Establish a Cannabis Business Development Program to create a revolving fund to support grants cannabis-related businesses owned and operated by Social Equity Applicants who reside in Cook County, recognizing the link between the Equity Fund and cannabis tax revenue and the related history of incarceration and exclusion communities of color have faced.
Lead Department: Bureau of Economic Development
FY24 Highlighted Accomplishments:
- Launched new social equity cannabis grant program.
- Awarded $3.6 million in grants to 40 businesses.
Implementation Status: On track – meaningful progress advanced