Cresco Labs, a vertical multistate cannabis operator, recently unveils a social equity initiative for the legal cannabis industry.
s, a vertical multistate cannabis operator, recently launched its social equity and educational department, an initiative aimed at promoting inclusion, equality and community engagement. As more states legalize recreational and medical cannabis markets, the industry is on the cusp of becoming one of the top job creators in the country. This was a key reason behind the establishment of the program, according to Charlie Bachtell, CEO and co-founder of Cresco Labs.
Cresco Labs is launching a social equity initiative for the legal cannabis industry. Photo of cannabis plants on Wednesday, August 29, 2018, in Edmonton, Alberta, Canada. “Our SEED initiative is designed to ensure that all members of our society have the skills, knowledge and opportunity to work in and own businesses in this industry," said Bachtellannouncing the program.
The SEED program, which began to be developed in early 2018, centers around three main components: social equity, a community impact incubator program and workforce development/education.
Also, Cresco Labs’ business incubator program will focus on providing or supporting fundraising needed to build and ramp-up operations for licensed cultivators and/or dispensaries. The incubator’s long-term goal is to have participants own the majority share of their business. Another driving force of the program is education. Cresco Labs is currently working with multiple community colleges, state universities and Ivy League universities to develop cannabis-focused courses of study as well as scholarships for people from communities most negatively impacted by the war on drugs. Internships will also be on the agenda. Cresco has a targeted internship program designed specifically for Central State University and Wilberforce University in Ohio.
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