WASHINGTON, February 10, 2022 /PRNewswire/ — About February 10, 2022the Minority Cannabis Business Association (MCBA) will take the first step towards a new era of social equity with the release of the National Cannabis Equity Report and Equity Map with the support of the Arcview Group and in association with Weedmaps and Parallèle.
The report and map provide essential data on social equity programs, as well as other policies impacting equity in the medical and adult markets. The Equity Map is a dynamic digital tool for advocates, legislators and stakeholders to gather and track policies that will provide understanding and analysis of the many barriers to entry for minority operators at the state and local level. municipalities. As new states and policies come online, the report and map will be continually updated to reflect the current state of social equity in the country.
“We created the Fairness Report and Map to give advocates and the industry the data and tools needed to overcome barriers to entry and create true fairness in the cannabis industry,” said declared Amber Littlejohn, CEO of the MCBA. “With the data collected, we can now take a closer look at what is being done and where there is room for improvement to advance social equity efforts.”
The report highlights findings from 41 policy points across multiple states and can be explored in the equity map. Among these highlights, the MCBA identified seven initial findings that can be used to re-examine state social equity programs, including the use of non-racial criteria in social equity qualifications, timely funding, license caps and ownership prohibitions for people with previous cannabis convictions.
“For years, policymakers have haphazardly thrown social equity provisions against the wall to see what sticks, albeit with good intentions,” said David Abernathy, Principal-Arcview Consulting and MCBA Board Member. “With this seminal work, we can finally begin to report on what has worked and what hasn’t and use that knowledge to create better designed and more effective social equity provisions to effect change. which are essential as we move forward.”
As an early supporter of the report and its findings, Parallel, one of the largest multi-state private cannabis companies, is eager to tackle the harms of cannabis prohibition and create a more diverse cannabis industry. .
“We commend MCBA for commissioning this report and highlighting this important industry issue. At Parallel, we understand the responsibility that companies like ours have with our position and expertise in the industry to using cannabis as a tool for restorative justice and economic empowerment – especially for those who have been most affected by this issue,” said james jackson, Senior Director of Social Equity at Parallel. “We are proud to give our full support to the MCBA report and toolkit and are committed to committing our resources to help advocate for the fundamental changes highlighted by the report that are needed for the cannabis industry become truly fair and sustainable in the future.”
The report and equity map will be released in a special MCBA/Arcview Access webinar on Thursday, February 10, 2022, 1:00 p.m. PT/ 4:00 p.m. ET. To register for the event, please visit https://arcviewgroup.com/product/mcba-social-equity-report/. Access the National Cannabis Equity Report and Interactive Equity Map today by visiting: http://nationalcannabisequityreport.com
For more information on how you can help support this report or get involved with the ever-growing coalition of brands and companies that support it, please click here.
Minority Cannabis Business Association Founded in 2015, the Minority Cannabis Business Association (MCBA) is the largest national business association dedicated to serving the needs of minority cannabis businesses and our communities. MCBA represents over 300 minority and allied cannabis companies and industry and community leaders who share a vision for a fair, just and responsible cannabis industry. Our mission is carried out by a 15-member Board of Directors comprised of a diverse group of industry veterans, medical and legal professionals, advocates and community leaders. Learn more: Website
Arcview is a vertically integrated professional services company serving the cannabis, hemp and psychedelic substance industries, founded on social justice and accountability. Arcview has been a trusted global leader for over eleven years and a nexus for investors, businesses, entrepreneurs and the community, delivering a wide range of programs and services to industry. The Arcview Group business ecosystem includes Arcview Capital, Arcview Consulting & Market Research, Arcview Marketing, Arcview Ventures, Arcview Events & Experience and Women’s Inclusion Network. Connect with us: Website | LinkedIn | instagram
Parallel is one of the largest privately owned, vertically integrated, multi-state cannabis companies in United States with a mission to pioneer wellness and improve quality of life through cannabinoids. Parallel has ongoing operations in five adult and medical markets under the Surterra Wellness retail brands in Florida; good mix in Texas and Pennsylvania; New England Treatment Access (NETA) in Massachusettsand a joint venture with the distribution brand Cookies in Nevada, with a sixth market on the way. Parallel has a diverse portfolio of high-quality, proprietary and licensed consumer brands and products, including Surterra Wellness, Coral Reefer, Float and Heights, offered through its wholesale retail business. Find more information at www.liveparallel.com, or on Instagram and LinkedIn.
The mission of WM Technology, Inc. (Nasdaq: MAPS) is to power a transparent and inclusive global cannabis economy. Founded in 2008, WM Technology is a leading provider of technology and software infrastructure for the cannabis industry. WM Technology has worked tirelessly to not only become the most comprehensive platform for consumers, but also to create the software solutions that power businesses compliantly in the space, to advocate for legalization, social equity and licensing in many jurisdictions, and to facilitate further learning. by partnering with subject matter experts to provide detailed and accurate plant information.
Visit us at www.weedmaps.com and www.wmpolicy.com.