The Cook County Cannabis Development Grant (CCC Development Grant) program offers up to $3.6M in grants to social equity-licensed cannabis businesses to support startup and operational business costs in Cook County.
Donor Name: Cook County
State: Illinois
County: Cook County (IL)
Type of Grant: Grant
Deadline: 06/14/2024
Size of the Grant: $100,000 to $500,000
Grant Duration: More than 10 Years
Details:
This initiative is funded by the Cook County Equity Fund, created to address historic and continued disinvestment in marginalized communities. Specifically, the County’s Equity Task Force recommended establishment of this program to recognize the record of incarceration and exclusion communities of color have faced due to the War on Drugs.
The program offers grants to social-equity cannabis licensees to defray some of the costs associated with opening and operating a cannabis business in Illinois. The County will award grants based on the license type: selected craft growers will receive $150,000; selected infusers will receive $100,000; selected dispensaries will receive $75,000; and selected transporters will receive $75,000.
Funding Information
Grants are available based on license type:
- Craft Grower: $150,000.
- Dispensary: $75,000.
- Infuser: $100,000.
- Transporter: $75,000.
Eligibility Criteria
Eligible applicants must:
- Hold a craft grower, dispensary, infuser or transporter State of Illinois Social Equity License, as defined by the Illinois Cannabis Regulation and Tax Act.
- Currently operate in Cook County or be committed to operating in Cook County.
Priority will be given to businesses that:
- Received social equity cannabis licenses from the State of Illinois in 2020 or 2021.
- Operate in a Disproportionately Impacted Area (DIA).
- Are majority-owned by individuals who reside in DIAs.
For more information, visit Cook County.
