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After Governor Jared Polis signed Senate Bill 111 into law on March 21, the Colorado Office of Economic Development and International Trade (OEDIT) was tasked with distributing $4 million to implement a new social equity cannabis advancement program so how will the money be spent? The program is intended to spur participation in the state s marijuana industry from communities impacted by the War on Drugs. According to Representative Leslie Herod, a prime sponsor of the bill, distributing the money is up to OEDIT s discretion although OEDIT can hire third-party contractors to distribute the money and create technical assistance programs, as well. Senator Dominick Moreno, another prime sponsor, adds that lawmakers will be reviewing the process in years to come. OEDIT has three years of spending authority, at which time the [Joint Budget Committee] and General Assembly will evaluate the program and contemplate further funding decisions, he says.

United statesNew yorkUniversity of denverLeslie herodDominick morenoJulie gonzalesJill mcgranahanInternational tradeCannabis advancement technical assistance programCannabis advancement programMarijuana entrepreneurship programMarijuana enforcement divisionColorado office of economic developmentSociety of professional journalist sigma delta chiGovernor jared polisSenate bill