Five applicants for 123 social equity cannabis permits in Massachusetts

Despite a well-intentioned social equity program in Massachusetts that aims to provide a pathway into the cannabis industry for victims of the war on drugs, few have jumped at the opportunity.

Only five entrepreneurs have turned in business license applications, though 123 permits are up for grabs, according to Masslive.com.

The situation may reflect the high barriers to entry for such demographics, state Rep. Aaron Vega said during an industry panel this week in the town of Holyoke.

“Money is the biggest issue,” Vega said, noting that it can cost $50,000-$60,000 just to apply for a marijuana business license in Massachusetts.

For more details about the social equity situation in the state, click here.