This resolution allows the Office of Cannabis to accept and use a grant of over $3.3 million from the state for a Local Equity Grants Program, covering the period from April 2025 to October 2026. It also authorizes the city to enter into an agreement with the state and manage any related liabilities.
Resolution retroactively authorizing the Office of Cannabis to accept and expend a grant award in the amount of $3,324,052.50 and to expend interest earned or accrued on grant funds for the grant term of April 1, 2025, through October 31, 2026, from the Governor’s Office of Business and Economic Development for the Local Equity Grants Program for Local Jurisdictions; to execute the agreement with the Governor’s Office of Business and Economic Development, and any extensions or amendments thereto, on behalf of the City and County of San Francisco; and to indemnify the Governor’s Office of Business and Economic Development for liability arising out of the performance of this contract; and approving the grant agreement pursuant to Charter, Section 9.118(a).
How it got here
The legislation originated from the San Francisco Office of Cannabis seeking funding to support local equity cannabis businesses through a grant from the Governor's Office of Business and Economic Development.
The Office of Cannabis submitted an application for a grant from the Local Equity Grant Funding program to support the San Francisco Cannabis Equity Program and its participants.
GO-Biz awarded the Office of Cannabis a grant of $3,324,052.50 to support its Cannabis Equity Program.
The City Administrator prepared a resolution to accept and expend the grant funds, including necessary documentation for the Board of Supervisors.
The grant agreement became effective, allowing the Office of Cannabis to begin utilizing the funds for the equity program.
The resolution to retroactively accept and expend the grant was introduced to the Board of Supervisors.
The Budget and Finance Committee recommended the resolution for approval.
The Board of Supervisors adopted the resolution, allowing the Office of Cannabis to accept and expend the grant funds.
The Mayor approved the resolution, finalizing the authorization for the Office of Cannabis to proceed with the grant.
Reconstructed from attached documents & the official record
