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Two local black-owned cannabis businesses, Green Box and Green Hop, each received a $30,000 grant today to expend their companies from a fund established by Portland to promote equity in the marijuana industry. The city set aside $150,000 from cannabis tax revenues to reinvest in minority-owned weed businesses. Green Box and Green Hop are the first two companies to benefit from the grant, which is administered by a non-profit called the NuLeaf Project. “As a 100 percent bootstrapped company, limited funding has inhibited our growth,” says Green Box CEO Adrian Wayman. “The NuLeaf Project grant enables us to leap forward. It’s an unbelievable opportunity.” Portland Awards $60000 In First Equity Grants For Two Local Black-Owned Cannabis Businesses

thumbnail courtesy of wweek.com