An Equity Joint Venture is a business entity, partnering with a licensed medical marijuana producer or medical marijuana dispensary facility, that is at least 50% owned and controlled by an individual or individuals, or the applicant is an individual, who:

  • Had an average household income of less than 300% of, or three times, the State median household income over the last 3 tax years;

    AND, either

  • Was a resident of a disproportionately impacted area for at least 5 of the past 10 years; OR
  • Was a resident of a disproportionately impacted area for at least 9 years before the age of 18.

Equity Joint Ventures are not subject to the lottery, but must be approved by the Social Equity Council to apply for a provisional license. There is no window for license applications for Equity Joint Ventures and applicants may apply to the Social Equity Council once license applications have been posted. Requirements for Equity Joint Ventures can be found in Sections 27 and 145 of Public Act 21-1