 California officials announced this month that the state will be awarding up to $20 million in grants from cannabis tax revenue.
The Department of Cannabis Control (DCC) said the grants will go to public colleges and universities for researching cannabis issues. Those topics would include the prevention of monopolies, securing the genetics of “legacy” strains, cannabis potency and cannabinoid analysis, the health of the state’s marijuana industry, and data on medical use. The Department of Cannabis Control’s Director Nicole Elliott said in a press release, “Our hope is that research resulting from these grants proves beneficial not only to California policymakers but also to those across the nation and world.” In addition to this $20 million in grant money, regulators in 2020 issued $30 million in cannabis research grants to public universities across the state. The Department of Tax and Fee Administration (CDTFA) reported that since the state’s adult-use market launched in 2018, thru July of 2020, California has taken in nearly $4 billion in marijuana tax revenue. Despite problems for those in the industry, the state’s coffers have benefited by larger and larger amounts each year. The last fiscal year a 55% gain over the prior period. Comments are closed.
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