Governor Hochul Announces $150 Million Investment in the Cannabis Social Equity Investment Fund
Downvote
Governor Kathy Hochul today announced that Chicago Atlantic Admin, LLC ("Chicago Atlantic") is investing up to $150 million senior secured capital in the New York State Cannabis Social Equity Investment Fund (the "Fund"). The legislation that allowed for the Fund's creation provided for a $200 million cap of combined investments into it. With Chicago Atlantic's investment,…
This story from governor.ny.gov was posted on 2023-07-01 by @greenix.