You're in a prime position to step into the legal cannabis market, and this program is designed just for you. It offers technical support and regulatory compliance assistance to help you navigate the often tricky landscape of starting a cannabis business. You won’t face this journey alone, and with expert guidance, you can streamline the process of getting licensed and set up.

One of the standout benefits is the assistance in securing capital. This means you'll have the resources you need to launch or expand your operations without the financial stress that often comes with starting a new venture. With no strict revenue or employee requirements, the program is accessible whether you’re a startup or an established business looking to grow.

Applying for this program could make a significant difference in your business journey. It’s not just about entering a market; it’s about doing so with the right support and funding to help you thrive. Embrace this chance to grow your business while contributing to a dynamic and regulated industry in California.

Type of Financing

This program offers grants to eligible businesses. Grants do not need to be repaid, making them a great financial resource for your business.

Repayment Terms and Interest Rates

Since these are grants, there are no repayment terms or interest rates associated with them. This means you can use the funds to grow your business without worrying about debt.

Eligible and Ineligible Expenses

You can use the funds for various costs associated with starting and running your cannabis business, such as:

• Regulatory compliance
• Technical support
• Equipment purchases
• Operational expenses

However, the funds cannot be used for personal expenses or costs unrelated to the business.

Fees

There are no fees associated with this program, so you can keep every dollar to invest in your business.

• Location: Business must be located in California.
• Sector: Open to all sectors.
• Ownership: Available to all groups.
• Employees:
  • No minimum number of employees required.
  • No maximum number of employees required.
• Company Revenue:
  • No minimum revenue qualifications.
  • No maximum revenue qualifications.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications: None listed in the provided context.

This program is designed to help you enter the legal cannabis market with reduced barriers. It recognizes that starting a business in this industry can be challenging. By providing technical support and regulatory compliance assistance, it aims to make the process smoother for you. You won’t have to navigate this complex environment alone.

One key benefit is that you can receive assistance in securing capital needed to launch your business. This means you can focus on building your operations instead of worrying about how to fund them. The program aims to support equity applicants and licensees, allowing you to thrive in a competitive market while contributing to the growth of legal cannabis sales in California.

The best part? There are no strict conditions to meet for revenue or employee count, making it accessible for businesses of all sizes. Whether you're just starting or looking to expand, this program can provide the support you need to succeed.