Minnesota Launches $2 Million Grant Program for Cannabis Farmers

Minnesota's Office of Cannabis Management has launched the CanGrow program, providing $2 million in grants and loans to help farmers enter and succeed in the state's emerging recreational cannabis market. The initiative offers training grants to organizations that support farmers with educational resources and technical assistance, as well as loan grants distributed through nonprofits to enable low-interest financing for cannabis cultivation projects. The goal is to accelerate market entry, minimize risks, and ensure that farmers have the financial support and tools needed to participate equitably in the industry. Grant awards for technical assistance are expected to range from $10,000 to $50,000 per project, and loan financing awards to eligible organizations range from $200,000 to $500,000, with individual farmer loans available in smaller amounts. The program aims to reduce compliance risks and costs, thus fostering a more accessible and inclusive cannabis market for Minnesota farmers. OCM Interim Director Eric Taubel emphasized that providing such financial opportunities is essential for building equity in the new market.