Opinion: Colorado Has Done The Right Thing With HB 20-1424 Social Equity License

This article was originally published on Hoban Law Group, and appears here with permission.

Although there are many metrics to calculate some of the damage the U.S. War on Drugs has inflicted on minorities the true extent of the damage may ultimately be too severe to be calculable.  The disastrous effects on minorities present in the foundations of social inequity are exponentially compounded as the years, decades and centuries go by.

But change always starts somewhere.  With HB-20-1424 Colorado takes its first momentous action towards addressing the social inequities inherent in Colorado’s regulated marijuana industry.  I cannot help but be reminded of a verse in one of my daughter’s favorite songs from Frozen 2 “The Next Right Thing”.  The context is different but in that song the protagonist Anna is faced with adversity and keeps reminding herself to “Take a step, step again.  It is all I can to do the next right thing.”  That is what Colorado has done; a step in the right direction to provide a path for economically disadvantaged communities and persons to house, own and operate a Colorado regulated marijuana business.

Colorado Residents Under HB 20-1424

Under HB 20-1424, Colorado residents that fall under one of three categories may be eligible to receive incentives from the Colorado Department of Revenue or the Office of Economic Development and International Trade towards their efforts own a Colorado regulated marijuana business.  These criteria are:

  1. a) the individual resided in an opportunity zone or disproportionately impacted area for …

Full story available on Benzinga.com

More Opinion: Colorado Has Done The Right Thing With HB 20-1424 Social Equity License