Title
Grant: Governor's Office of Business and Economic Development (GO-Biz) Cannabis Equity Grant for Local Jurisdictions
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FileID
File ID: 2025-00632
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Location
Location: Citywide
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Recommendation
Recommendation: Adopt a Resolution authorizing the Interim City Manager, or designee to: 1) execute any and all necessary documentation, including a standard agreement to accept the Governor's Office of Business and Economic Development (GO-Biz) Cannabis Equity Grant for Local Jurisdictions in the amount of $1,680,777.31; and 2) establish the revenue and expenditure budgets for the GO-Biz Cannabis Equity Grant project (G02420800).
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Contact
Contact: Peter Coletto, Director of Finance, (916) 808-5416, pcoletto@cityofsacramento.org, Department of Finance; Lindsay Brown, Administrative Officer, (916) 808-5931, lkbrown@cityofsacramento.org, Office of Cannabis Management
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Presenter
Presenter: None
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Attachments
Attachments:
1-Description/Analysis
2-Resolution
3-Exhibit A - GO-Biz Equity Grant Award Letter
Description/Analysis
IssueDetail
Issue Detail: GO-Biz appropriated $15 million in grant funds to qualifying jurisdictions that demonstrate an intent to develop a cannabis equity program or that has adopted and operates a cannabis equity program. The GO-Biz social equity grant focuses on the inclusion and support of individuals in California's legal cannabis marketplace who are from communities that have been disproportionately impacted by cannabis criminalization. The grant funds are intended to reduce barriers for entrance into the legal cannabis industry for social equity community members.
The City qualified for this grant due to Council's establishment of the Cannabis Opportunity Reinvestment and Equity (CORE) program on August 9, 2018 (Resolution 2018-0323). The CORE program is intended to reduce the barriers of entry into cannabis businesses for a current or former resident of the city who previously resided in or cu...
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