c) Is a cannabis business that sells, gives or otherwise transfers no less than a 33% equity share in the CORE Incubator’s cannabis business to eligible CORE participants or participants; 30% of its workforce be Classification 1 or 2 eligible; and contracts no less than 30% of its cannabis and ancillary business with Classification 1 or 2 eligible participants.
CORE Incubators shall host, donate to, employ, contract with, sell, give, or transfer to participants that reside within the city district in which the incubator sits. If no such participants exist, incubators shall utilize participants from other applicable areas.
d) Cannabis Social Enterprise with no less than 51% ownership by Classifications 1& 2 individuals.
According to a City Council Report
, the new permits will be awarded through a “competitive based process,” much like a request for proposal or “RFP” process. This process includes evaluating the applicant’s likely success and business-readiness in relation to applying for permits and operating the business. In the likelihood that some applicants receive the same score, there will be a blind selection process.
An earlier proposal set to have the 10 permits awarded between 2020 and 2021 with five given out each year. Following the recently approved ordinance, all 10 permits will now be made available at once.