420 with CNW – California Social Equity Marijuana Businesses More Active Than Non-Equity Ones, Data Shows
A new review of California’s marijuana licensing data challenges the notion that retailers operating under social equity programs are more likely to lose their licenses than other cannabis retail businesses. Capitol Compliance Management, a consulting firm based in Sacramento, examined 1,653 cannabis retail licenses listed in the California Department of Cannabis Control’s registry. The dataset included 281 licenses identified as equity retailers, making up roughly 17 percent of all storefront licenses reviewed. According to data collected on Sep. 25, about 81 percent of the equity-designated licenses were listed as active. That compared with an active rate of approximately 76 percent…
