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The calls for social equity in cannabis continue to grow louder as the market matures and more states come online. While most in the space support social equity, its implementation and the market s taxation has the sector debating the need for high taxes to fund equitable efforts. The topic is far from new in cannabis. Michigan, one of the top-performing markets in the country, recently debated new sales taxes aimed at improving diversity and helping disadvantaged groups in the industry through millions in taxes raised. New York, a state debating the prospect of adult use legalization once again, is discussing how much of its estimated $300 million in annual tax revenue to allocate to social reform.

United statesAdam hijaziZachary pittsJohn sullivanMorris kellyGoddes pittsPeter earleAndrew cuomoAiden rafiiAmerican institute for economic researchGovernment affairs at cresco labs incLong beach collective associationRacial justice leagueGovernor andrew cuomoCresco labsAmerican institute