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(Photo courtesy of Prosper Portland)
Prosper Portland
Published: 17 September 2018

The NuLeaf Project, Prosper Portland’s partner in its Cannabis Business Development Program, will accept applications starting Monday, September 17, for a grant program designed specifically to help cannabis businesses owned by people of color achieve greater success.

The NuFuel program will award annual grants to businesses in the amounts ranging from $5,000 to $30,000.

To qualify for the grant, applicants must be operational cannabis businesses headquartered in Portland, Oregon with at least 51 percent ownership by people of color. Grants are intended to address the capital, education, and connection hurdles that people of color face when entering the cannabis industry.

The City of Portland is the first U.S. municipality to invest tax revenue from the legalized cannabis industry into the communities most negatively impacted by cannabis criminalization. The city allocated $150,000 to Prosper Portland to provide business technical assistance; Prosper Portland subsequently partnered with NuLeaf Project, now a member of the agency’s Inclusive Business Resource Network, to deliver services to priority business owners.

Applications are due Friday, October 19. Businesses are encouraged to apply as soon as possible to fast-track their applications and receive funding early.

For complete application information, visit www.nuleafproject.org.

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