09/28/2026
Cannabis equity programs were created for an important reason: Black and Latino communities suffered disproportionately from decades of ma*****na criminalization and the War on Drugs.
Legalization should create meaningful opportunities for those communities to participate in and benefit from the legal market.
But a powerful New York Times investigation shows how that promise can be undermined.
New York prioritized licenses for people harmed by ma*****na enforcement. Yet in Hudson, wealthy investors have used their access to capital and “justice-involved” partners to gain control of businesses intended to advance equity.
In one striking case, a formerly incarcerated Black entrepreneur received just a 1% stake in a venture that relied on his participation to obtain an equity license. He later said he had been “exploited as merely a proxy justice-involved individual.”
Equity licensing remains an important tool for addressing the harms of the War on Drugs. But licenses alone cannot deliver equity if those with wealth and power can capture opportunities intended for the communities most harmed by prohibition.
Read The New York Times: https://bit.ly/4yk42qS