Minnesota is launching a $2 million grant program to help farmers succeed in the state’s impending recreational cannabis industry.
The program, called CanGrow, intends to:
Cover training grants to farmers. Loan money to nonprofits that will fund loans to farmers who want to expand into growing cannabis.
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CanGrow will be administered by the Office of Cannabis Management (OCM), Eden Prairie-based TV station KMSP reported.
The first round of grants for technical assistance are expected to range from $10,000 to $50,000 per project, according to the OCM.
Loan financing grants for eligible organizations will range from $200,000 to $500,000, and loans to individual farmers will be between $2,500 and $50,000, or up to $150,000 for projects with matching funds.
CanGrow farmer training
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