Colorado Office of Economic Development and International Trade

Colorado Office of Economic Development and International Trade Cannabis Business Office The Cannabis Business Office (CBO) creates new economic development opportunities, local job creation, and community growth for the diverse population across Colorado. Under the leadership of Governor Polis, we strive to expand economic prosperity within historically economically distressed areas throughout the state. The office offers technical assistance and access to capital that is otherwise unavailable at the federal level. While businesses that work with hemp and CBD have access to these resources, these resources are substantially limited for businesses that work directly with THC or support businesses that work directly with THC . Technical assistance will include webinars, training modules, personalized one-on-one consulting, and other support. Access to capital will be offered in the form of loans and grants for qualified applicants. The Cannabis Business Office was created from Senate Bill 21-111 and funded by the Marijuana Tax Cash Fund. The office works to create new economic development opportunities, local job creation and community growth for the diverse population of Colorado. Social Equity as a Priority The office will prioritize programming for  social equity licensees . For more information about social equity licenses, please read the  eligibility requirements from the Marijuana Enforcement Division (MED) and contact the MED for further licensing information. Discover Social Equity Cannabis Businesses The Cannabis Business Office published a directory of social equity licensed cannabis businesses to encourage consumers to support small, neighborhood businesses. Browse the guide, shop the high road, and choose the path of conscious cannabis consumerism, check it out below: Shop the High Road Digital Directory (PDF) Cannabis Business Programs and Funding Cannabis Business Grant : The office provides access to funding opportunities in the form of grants, to be used to support seed capital, ongoing business job creation. Cannabis Business Loan : High dollar loans for growth-oriented, social equity owned cannabis businesses will provide access to capital for seed funding, ongoing business expenses, improvement projects, and more to support business expansion and improve operations. Cannabis Business Pitch Competition : Mentorship and funding opportunity for social equity cannabis businesses who have reached critical business development milestones and have demonstrated a readiness to seek external investments. CannaBusiness Growth Technical Assistance : For more mature businesses and those that have already completed the CannaBusiness Foundations program, the CBO offers a CannaBusiness Growth track. This track provides educational content centered on vertical-specific operational best practices. Resources for Cannabis Businesses : Two critical needs that cannabis entrepreneurs face include cannabis banking options and pro bono legal resources. Contact Us Submitted by [user:field_first_name] Emma Howard Senior Manager, Strategy & Special Projects Email Emma Connect Further Sign up for email updates Sign up for email updates from the Cannabis Business Office for information about events. Follow us on social Follow us for regular updates related to cannabis business in Colorado. Facebook         Instagram         LinkedIn

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