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Arizona’s bill targets marijuana cultural equity licensees with “predatory tactics”- Cbdganjah

Social equity diversity inclusion min

Arizona’s weed social capital license holders should regain control of their licenses, according to Republican state senator Sonny Borrelli, who claims that big businesses and investors preyed on them.

According to the Arizona Center for Investigative Reporting ( AZCIR ), Borrelli’s Senate Bill 1262 would grant the state ‘ attorney general the power to look into claims of “predatory tactics to seize control of nearly all the lucrative licenses.”

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At a Senate hearing on February 13th, Borrelli stated that “people who apply for this social capital permit thing are supposed to keep that 51 % ownership,” according to the AZCIR.

” Essentially, those who are required to have a social capital registration do not receive it.” those who do possess cultural capital

Read the entire article on Marijuana Business Daily.

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