Then there is the matter of “social equity”: what financial incentives the state will offer people of color who want to enter the lucrative industry.
Advocates argue that communities of color, disproportionally hurt by decades of marijuana criminalization, deserve help raising capital and should have a percentage of new retail licenses reserved for them.
And though the governor s proposal includes 20% of new licenses designated for minority owned businesses and the Senate bill establishes a social equity fund from marijuana business fees for disadvantaged applicants to enter the industry advocates say neither bill goes far enough.
A runway for social-equity applicants
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LOS ANGELES, May 4, 2021 /PRNewswire/ Cadiz Inc. (NASDAQ:CDZI) ( Cadiz , the Company ) released a new issue of CDZI Magazine, the Company s quarterly newsletter. The latest edition includes a summary of company news and events from the first quarter of 2021, commentary from Cadiz CEO Scott Slater, and content and images highlighting current progress of our agriculture and water projects. The current magazine and previous issues are available on our website at: cadizinc.com/investor-relations/
In his letter, Scott Slater, Cadiz CEO & President stated: Spring has brought the Cadiz Ranch to life and things are growing beautifully. We have over 2,000 acres of fruit, vegetables, and hemp flourishing, including pink lemons, purple cabbage, asparagus, squash, watermelon and more.
Frequencz Raises $4.1M to Develop a Cloud Native Offering for Unlicensed 5G Private Networks Frequencz, an emerging leader in virtual shared private networks for Enterprises, announced funding to accelerate product development.
Carriers operate 5G on licensed spectrum in major markets for consumers. Enterprises need to build their own private secure networks with WIFI economics. Frequencz s innovations unlock 5G to run on unlicensed spectrum in multiple frequency bands for customers in the Enterprise market. Frequencz offers an innovative alternative enabling the private network ecosystem to deliver the benefits of 5G to an underserved Enterprise market.
Frequencz delivers cloud economics to radio that will disrupt how private networks are built, operated and managed for dedicated or shared access. The solution ushers in massive innovation within the radio domain, enabling previously unobtainable ROI and profitability for private network operators and Enterprises. Deploying
Succession Planning Goes In-House A new crop of programs at IBDs helps advisors find successors keeping their clients, and assets, close to home.
The wealth management industry has long had a succession problem. Few advisors plan for their own retirement, and even fewer have a road map to step away from the business in a way that both monetizes the practice and provides continuity to their clients. Even worse is the lack of a plan in case of an advisors’ sudden death or impairment the dreaded “hit by a bus” scenario.
A 2018 study by the Financial Planning Association and Janus Henderson Investors found that 73% of financial advisors don’t have a written succession plan in place; of those who are within five years of retirement, 60% lack a succession plan.