San Francisco Mayor London Breed has announced legislation intended to bolster San Francisco’s cannabis equity program and further support cannabis business owners through a combination of permit processing prioritization, a shortening of the time period for a transfer of more than a 50% ownership interest in a cannabis business from ten years to five years, and a requirement that cannabis businesses make additional social equity contributions if they seek to reduce an equity applicant’s ownership interest by 20% or more. To date, San Francisco has issued 31 permits to equity cannabis businesses, including permanent and temporary permits.
