Establishes the Cannabis Community Reinvestment Act, requiring cannabis operators to reinvest in communities disproportionately impacted by cannabis.

The bill establishes the Cannabis Community Reinvestment Act, which mandates cannabis operators to include a reinvestment plan in their applications. These plans must focus on communities disproportionately affected by cannabis prohibition, including the community where the operator is located. Operators must contribute at least two percent of their annual profits to these plans. The Department of Financial Services reviews these plans and can revoke licenses if operators fail to meet the requirements.

Establishes the Cannabis Community Reinvestment Act, requiring cannabis operators to reinvest in communities disproportionately impacted by cannabis.

The bill establishes the Cannabis Community Reinvestment Act, which mandates cannabis operators to include a reinvestment plan in their applications. These plans must focus on communities disproportionately affected by cannabis prohibition, including the community where the operator is located. Operators must contribute at least two percent of their annual profits to these plans. The Department of Financial Services reviews these plans and can revoke licenses if operators fail to meet the requirements.