Denver's social equity cannabis program approves 50th license on 3rd anniversary

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Denver's social equity cannabis program approves 50th license on 3rd anniversary
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Micah Smith joined the station in December 2018 and is Denver7's Social Equity Reporter

DENVER – This past weekend marked 3 years since the City of Denver launched it’s marijuana social equity program aimed at helping residents with previous marijuana convictions, or who were disproportionately impacted by the war on drugs, launch their own marijuana businesses.

"For them to have the opportunity to benefit financially, economically, and hopefully, it can be a positive change to help them overcome some of the negative things that happened to them,” said Eric Escudero, spokesperson for Denver’s Department of Excise and Licenses. “So we're really proud of the fact that we hit a major milestone in the last week. We issued the 50th license from the City and County of Denver to an owner who qualifies as a social equity business person for marijuana.

“But we also recognize there are some folks who have got the license and then closed...so we've seen now about 45 total, with 50 now awarded since the beginning of the program," said Escudero. “Bachaz is a Hispanic brand built out of the core values of family, authenticity, passion, and care,” Carranza said. “So what we're going to be starting off manufacturing are THC Mexican infused gummies — they are handcrafted, they are covered with tamarind and carefully sprinkled with our chili flakes to give that flavorful taste.”“I've noticed that we've had the repetitive, edible product in our market,” Carranza said.

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