Polis Administration Announces Companies Selected to Receive the Innovative Cannabis Business Pilot Grant

Press Release

The Polis Administration today announced the 16 businesses selected to receive the Cannabis Business Office's Cannabis Business Pilot Grant, an innovative program to save small businesses money, foster equity and diversity in the cannabis industry, and create good-paying jobs for Coloradans.

"Our nation-leading work promoting equity and supporting innovation in Colorado's thriving cannabis industry supports our economy, saves small businesses money, and ensures our state remains the best business-friendly destination in the country," said Gov. Polis. "I'm proud to see this multi-year effort result in transformative grants to deserving applicants."

An initiative of the Office of Economic Development and International Trade (OEDIT), the grants provide financial support for cannabis businesses who were already awarded a social equity license to accelerate the growth of their businesses. The grant is supported by direct industry engagement via the Marijuana Tax Cash Fund, dedicated to reinvesting into the industry's future growth.

The Cannabis Business Office provided grant applicants with educational and professional development opportunities as a part of the grant-making process. Applicants were required to complete a business development curriculum and create business plans and project proposals. The grant process was designed to ultimately prepare applicants with the foundational knowledge and materials for future success, as well as equip those in Colorado's Cannabis Industry with a robust skillset to continue our state's leadership in the space.

The selected recipients are all social equity licensed cannabis businesses who have been awarded, or are actively pursuing, a regulated business license from the Marijuana Enforcement Division.

The businesses selected to receive the first round of the grant include:

Apollo Limited

Canna-Couriers

Colorado Kush

Cb1 Logistics

Delta-9

Different Strokes 2.0 Puff N Paint Sip Art Studio

Flora Cannabis

Go Harvest LLC

Grn Bus

IDY Packaging Distributors

Kaylx Brands

Meta-Zon CannClub

Mile High Lounge (Ganja Games)

Paly

Pufflow.com

Tetra Hospitality Group

To be notified of future rounds of grant funding, subscribe to the Cannabis Business Office monthly newsletter.

About Colorado Office of Economic Development and International Trade

The Colorado Office of Economic Development and International Trade (OEDIT) works with partners to create a positive business climate that encourages dynamic economic development and sustainable job growth. Under the leadership of Governor Jared Polis, we strive to advance the State's economy through financial and technical assistance that fosters local and regional economic development activities throughout Colorado. OEDIT offers a host of programs and services tailored to support business development at every level including business retention services, business relocation services, and business funding and incentives. Our office includes the Global Business Development division; Colorado Tourism Office; Colorado Outdoor Recreation Industry Office; Colorado Creative Industries; Business Financing & Incentives division; the Colorado Small Business Development Network; Cannabis Business Office; Colorado Office of Film, TV & Media; the Minority Business Office; Employee Ownership Office; and Rural Opportunity Office. Learn more at oedit.colorado.gov.

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