$500K Investment to Help Growth of Five Minority-Owned Businesses in Cannabis and Hemp Industry; In Addition to Capital, i2 Accelerator Recipients to Receive Access to Mentorship, Training, Networks and Tools to Help Businesses Rapidly Scale

NEW YORK–(BUSINESS WIRE)–Minority Cannabis Business Association (“MCBA”) and Merida Capital Partners (“Merida”) announced the winning recipients of investment through the Inclusive Industry (“i2”) Accelerator, which will deploy $500K initially to fast-track the development of five minority-owned businesses. MCBA and Merida launched i2 earlier this year to accelerate the development of minority-owned businesses in the cannabis and hemp industry by creating a meaningful executive mentorship program for underserved communities that could increase diversity and inclusiveness in key networks within the cannabis ecosystem and develop an infrastructure for entrepreneurs seeking capital.

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