Social Equity Analysis
When it comes to Illinois’ new cannabis law, you’ve heard the term “social equity.” But what does it mean? How do you know if you qualify as a social equity applicant?
Social equity status is extremely important for both dispensary and cultivation applications. This status accounts for 50 out of 250 points on the dispensary application. In these competitive application cycles, these points awarded for social equity applicants can make or break your chances of obtaining a license.
To be considered a social equity applicant, you must:
- Have an entity controlled by one or more individuals that have resided in an area disproportionally impacted by the War on Drugs for at least 5 out of the past 10 years.
You will have to show proper documentation to prove that you lived in one of these areas for at least 5 years, including tax records, mortgage statement, leases, utility bills, etc.; or
2. Be a “member of an impacted family.”
This means an immediate family member must have been arrested for or charged with a cannabis-related offense that is eligible for expungement under the new law); or
3. Have been previously arrested for a cannabis-related offense that is eligible for expungement under the new law.
Not all cannabis-related offenses will qualify you; have an attorney review your arrest/charge documents to make sure. In general, only Class 4 felonies and misdemeanors in Illinois are considered “minor cannabis offenses.”
Illinois Cannabis Attorneys knows the law and knows what is required for someone to qualify as a social equity applicant.
We can provide a “social equity analysis” for a flat fee of $750.
We will look at all of your relevant information and will determine whether we think you will qualify as a social equity applicant. If you end up hiring us to prepare your dispensary or craft grow application, we’ll just deduct the $750 from what you pay us for the application.
This will give you peace of mind, knowing whether or not you qualify as a social equity applicant. Give us a call today.