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MN CanGrow Farmer Loan Grants
Minnesota Office of Cannabis Management
ABOUT THE GRANT
CanGrow farmer training and farmer loan financing grants will help eligible organizations provide educational resources, guidance, and low-interest loans for farmers who want to be part of the legal cannabis industry. While grants will be awarded to eligible organizations, Minnesota farmers will ultimately benefit by expert mentorship, compliance training, business planning resources, and low-interest loans.
Grant awards for technical assistance in the second round of funding are expected to range from $10,000 to $100,000 per project. Grant awards for loan financing are expected to range from $200,000 to $500,000 per eligible organization (individual farmer loans will range from $2,500 to $50,000 or up to $150,000 for projects with matching funds). OCM intends to fund investments in eligible communities throughout the state. This is a competitive grant program.
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NOTES
We haven't added commentary on this grant yet. In the meantime, the fundor's website (linkeded above) is the best source for application details and eligibility specifics.
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