The state offers money to would-be cannabis operators to get them up and running. New Jersey creates a cannabis grant program and allocates $10 million in funding. Lack of access to capital is a persistent problem for many small businesses, particularly minority businesses. These government grants can be used to cover start-up costs, start-up costs and tuition.
According to the Murphy administration, the program is designed to help communities of color. About 60% of the grant money will go to social justice applicants, including those who live in economically disadvantaged communities or have prior cannabis convictions.
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