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420 with CNW — California to Repair Drug War Ills Using Cannabis Taxes

Last week, the state of California revealed that it would be awarding roughly $29 million in grants funded by cannabis tax revenue to more than 50 not-for-profit organizations in an attempt to repair the harms of the drug war. The Governor’s Office of Business and Economic Development will be in charge of allocating the funds, which will be offered through the state’s Community Reinvestment Grants program.

The notice released by the state states that the grants to be awarded will serve communities that have been disproportionately impacted by the war on drugs. It explains that the harsh state and federal drug policies approved from the start led to the separation of families, prohibitions on public housing, loss of educational attainments because of decreased federal financial aid eligibility, diminished access to social services and the mass incarceration of individuals of color.

The grants will be given to not-for-profit organizations that fit the eligibility criteria and support programs whose objectives are to offer legal services, substance misuse treatment, mental health treatment and job placement for disproportionately affected communities.

In a press release, the director of the Governor’s Office of Business and Economic Development Dee Dee Myers, said that the state’s Community Reinvestments Grants programs was a resource aimed at helping communities conquer the barriers and systemic restrictions to equity and opportunity. She added that the grants would also help advance economic justice, wellness and health for communities and populations that were affected by the drug war.

Applications for the grants had been made available to these communities late last year in an effort to promote economic justice and public health.

In addition to California, the state of Illinois is also utilizing cannabis tax revenue to finance programs to right the wrongs of the drug war. Earlier in January, its R3 (Restore, Reinvest and Renew) program awarded more than $30 million in marijuana-backed grants.

Concurrently, marijuana tax dollars in the state of Oregon are also being used to increase access to harm reduction and substance misuse treatment programs after a broad decriminalization measure — Measure 110 — was added to the ballot and received approval from voters last year.

The Oregon Health Authority had more than $1.5 million in funds allocated to supporting the administrative costs to be incurred in the implementation of the measure. Of the other funds to be allocated, more than $8 million will be used to finance proposals that closely align with the values and priorities of the decriminalization campaign, $6.4 million is to be directed into harm reduction and addiction recovery programs while another $2.9 million will be allocated to tribal groups.

This program illustrates how establishing a legal marijuana industry that allows companies such as Sonoma Biologics Corp. to operate can be beneficial by availing taxes that can be put to use to correct the wrongs of the past.

NOTE TO INVESTORS: The latest news and updates relating to Sonoma Biologics Corp. are available in the company’s newsroom at https://cnw.fm/Sonoma

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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