California approves stimulus money for marijuana industry

stock cannabis image

In a turn of events that nobody would have imagined 15 years ago, the state of California is about to offer $100 million to marijuana growers and sellers to help them stay in business.

The California legislature approved the plan Monday, which will see grants go to cannabis businesses that are trying to convert their provisional licenses to permanent ones.

fortune.com
BY CHRIS MORRIS
June 15, 2021 4:00 PM PDT

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