Posted on 05/22/2024 9:23:35 AM PDT by xoxox
Gov. Kathy Hochul’s administration quietly ended a $200 million program aimed at helping disadvantaged entrepreneurs open cannabis dispensaries, amid allegations of predatory lending practices.
The Social Equity Cannabis Investment Fund, which was overseen by DASNY, came under fire last month after a report by local nonprofit news outlet The City alleged that DASNY entered into an agreement that allowed a private equity firm to provide $50 million to the fund at a 15% interest rate.
(Excerpt) Read more at crainsnewyork.com ...
sounds like people getting all weed-weed up
The very idea that “equity” is distributed by government is ludicrous. All they can do is put their boot on the necks of productive people and promote layabouts why promise to vote for those boots. It is disgusting what is happening here.
Blacks can buy weed at a discount?
“a $200 million program aimed at helping disadvantaged entrepreneurs open cannabis dispensaries,”
You can’t make this s*it up!
you can’t make up the fact that they promised their buddies 15% on 50 mil, either.
Underprivileged minorities have been selling cannabis for decades without help from Kathy Hochul.
Something similar exists here in San Francisco where “historically disadvantaged people of color” are officially assisted and encouraged by the city to get into the weed business. It’s absurd... and will ultimately only damage the “communities” they’re allegedly trying to help. Weed is now like the official sacramental herb of the secular left. Stoned and stupid... what a way to live.
The Dormitory Authority of the State of New York provides construction, financing, and allied services which serve the public good of New York State. So the claim goes.
It’s basically a 200 million dollar money laundering scheme - for the sake of “equity” and social justice, of course.
Didn’t Ayn Rand write a novel about this sort of lefty BS? Atlas Shrugged.
A nation of extremes.
30 years ago they would nail you to the wall with a law book and beat you with a cross if you got caught with a little weed. Today they hand you money for opening a pot shop.
But everything is that way.
LGBTQIA, years ago taboo, would get you denied many jobs, no security clearance, most people wouldn’t vote for a homo, has become a badge of honor, some act of courage to “come out of the closet” with society applauding one for being a homo.
Interracial marriages, now it’s cool, all over TV, in advertising...
Socialism, once a pejorative is now a term that college kids label themselves with pridefully.
Abortion once illegal is now essentially on demand, tax subsidized, in the open...
Mental illness was once a stigma no one wanted. Today MOST kids see a shrink before they turn 18, 1/4 of them are on drugs, and everyone is literally competing over how is the bigger victim and has it harder (i.e. no privilege). Yeah, a bunch of fat kids growing up with computers, TV, the Internet, with AC, accessible health care... are crying about how hard they have it.
There was a time where every politician wrapped themselves up in Christian symbols and pretended to be moral. Now most want to distance themselves from the religious right.
Everything in this country is a fad/trend and is taken to an extreme.
There is no moderation.
200 mil up in smoke
“Social equity” means $hit on Whitey, but take his money to pay for the scheme
The government of New York is subsidizing business loans because too many white people run head shops? Free money for minority dealers? Just when I thought the Mafia had run out of ideas...
Proof “government” has gone rogue
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