BC Indigenous Cannabis Business Fund

The BC Indigenous Cannabis Business Fund (ICBF), administered by the New Relationship Trust (NRT), offers non-repayable funding to First Nation communities, Indigenous businesses, and entrepreneurs in British Columbia aiming to engage in the regulated cannabis sector.
  • New Relationship Trust (NRT)
Overview of the BC Indigenous Cannabis Business Fund program:

The ICBF is designed to empower Indigenous participation in the cannabis industry by providing financial assistance and resources. It offers two primary funding streams: Community Planning and Engagement: Grants up to $12,000 for activities such as information workshops, community engagement sessions, and forums addressing cannabis-related topics. Business Planning, Design, and Capital: Grants up to $250,000 to support business planning, design, licensing, and capital expenditures necessary for establishing or expanding cannabis-related enterprises. Funding Amount Stream 1: Up to $12,000 for community planning and engagement initiatives. Stream 2: Up to $250,000 for business planning, design, licensing, and capital costs.

Benefits of the BC Indigenous Cannabis Business Fund program:
  • Financial Support: Access to substantial funding to initiate or expand cannabis-related businesses.
  • Capacity Building: Assistance in navigating regulatory processes and developing business plans.
  • Community Engagement: Resources to facilitate informed discussions and planning within Indigenous communities regarding cannabis opportunities.
  • Economic Diversification: Opportunities to diversify community economies and create employment.
Eligibility criteria of the BC Indigenous Cannabis Business Fund program:
  • Eligible applicants include:
  • B.C. First Nation Governments and Tribal Councils: Indigenous governing bodies within British Columbia.
  • Indigenous Corporations, Partnerships, Associations, and Co-operatives: Business entities with at least 51% Indigenous ownership, proportionate to equity invested.
  • Individual Indigenous Entrepreneurs: First Nation, Metis, or Inuit individuals residing in British Columbia.
  • Applicants are expected to contribute to project costs, as grants are not intended to cover all expenses.
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