An Act enabling private donations to the cannabis social equity trust fund
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill would allow private donations to be made to the Cannabis Social Equity Trust Fund in Massachusetts. Currently, funding for this fund is primarily derived from cannabis tax revenue. This legislation seeks to broaden the funding sources available to support programs designed to address the historical harms of cannabis prohibition and promote equity within the cannabis industry. The trust fund supports initiatives aimed at providing opportunities for individuals and communities disproportionately affected by past cannabis enforcement.
Key provisions
- Authorizes private donations to the Cannabis Social Equity Trust Fund.
- The trust fund will continue to support programs aimed at equity in the cannabis industry.
- The bill does not outline any restrictions on the types of donations that can be accepted.
Who is affected
- Individuals and communities disproportionately affected by cannabis prohibition.
- The Cannabis Social Equity Trust Fund.
- Massachusetts residents.
- The cannabis industry in Massachusetts.
Notable changes
- Expands the funding sources for the Cannabis Social Equity Trust Fund beyond cannabis tax revenue.
- Creates a mechanism for private individuals and organizations to contribute to equity initiatives.
Bill text
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Sponsors
Official sponsors from legislative records.
5 on record
Primary sponsor
Cosponsors
David Henry Argosky LeBoeuf
Kevin Gilnack
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