MJBiz - September 2023 - 21

INDUSTRY DEVELOPMENTS
Massachusetts
The fund intended to advance social equity in the state's marijuana industry remains unfunded nearly
a year after it was created, according to minutes from a meeting of Massachusetts' Cannabis Social
Equity Advisory Board.
The Social Equity Trust Fund, signed into law in August 2022, was meant to award grants and loans
to cannabis entrepreneurs, focusing on those harmed by prohibition, with 15% of state cannabis taxes
and fees. However, no money has actually been transferred into the fund.
State financial officials are reportedly working on " an interim solution that would allow funds to
be transferred this year. " That could result in $2 million-$4 million being made available to the social
equity fund.
Separately, a group of Massachusetts cannabis businesses are asking state regulators to prioritize
existing businesses over newcomers when distributing money from the social equity fund.
Michigan
A U.S. district judge dismissed a lawsuit against the Michigan Cannabis Regulatory Agency because
marijuana is federally illegal and not for any reason related to the dispute.
U.S. District Judge Paul Maloney dismissed a suit filed by Viridis Laboratories against Michigan's
cannabis regulators.
The issue dates to 2021, when the Michigan Cannabis Regulatory Agency recalled $229 million worth
of cannabis products that had been tested by Viridis, which alleged that the recall violated its right
to due process under the U.S. Constitution. However, Maloney ruled that because marijuana is still
federally illegal, the industry isn't protected by the Constitution.
https://www.melt-to-make.com/

MJBiz - September 2023

Table of Contents for the Digital Edition of MJBiz - September 2023

MJBiz - September 2023 - CT1
MJBiz - September 2023 - CT2
MJBiz - September 2023 - Cover1
MJBiz - September 2023 - Cover2
MJBiz - September 2023 - 3
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MJBiz - September 2023 - Cover3
MJBiz - September 2023 - Cover4
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