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Investor Presentaiton

Social equity • As previously discussed, the enacted legislation contemplates a significant set-aside of retail licenses for so-called "social equity applicants," which is meant to include two broad categories of applicants: those who have been convicted of a nonviolent marijuana offense, or those who have or do reside in "disproportionately impacted areas" of Rhode Island. . • However, the Commission has responsibility for promulgating the precise definitions and boundaries of these qualifying criteria; the Cannabis Advisory Board is also empowered to make recommendations to the Commission on the same. . Without question, the exercise of spelling out social equity licensing program regulations is both substantively and politically complex - given the involvement of a stakeholder-led Advisory Board and the necessary act of drawing lines related to qualification. • What's more, many other states have faced litigation related to their social equity program rules among them Illinois, New York, Connecticut, and the City of Los Angeles. RHODE 27 ISLAND
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