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CORE Loans and Grants

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CORE Grants

CORE Tiered Grant Cycle One - Open

The 2024-CORE Tiered Grant is now open. See below for grant timelines and eligibility.

Apply for 2024-Tiered Grant

open_in_full

I. Tiered Grant

Funds from the Go-Biz grant will be distributed through another Tiered Grant process to eligible CORE participants and businesses. Now in its third year, the Tiered Grant is a noncompetitive process, where the amount allocated to each tier is determined by the number of qualified applicants.

Similar to the 2023-Tiered Grant, OCM requires all previous grantees interested in applying for the 2024-Tiered Grant to have submitted documentation validating compliance with the Grant Agreement and other requirements. This step aims to gather updates on the projects and initiatives that were previously funded, allowing for evaluation, tracking their progress through the application process and operation of an existing business.

Important Dates for the 2024-Tiered Grant Timeline:  

On or before the end of the business day on April 5, 2024: Previous grantees who received over $5,000 in grant funds must submit all expenditure records, documentation, narrative reports, and fulfillment of all conditions and requirements in the grant report. (see below for more details)  
On or before the end of business day on April 12, 2024: Previous grantees who received over $5,000 in grant funds must obtain a confirmation email from OCM certifying their submission of expenditure records, documentation, narrative reports, and fulfillment of all conditions and requirements in the grant report.  
April 15, 2024: The 2024-Tiered Grant Cycle One opens to all eligible CORE participants.  
May 7, 2024: The 2024-Tiered Grant Cycle One closes.

Application process and requirements: 

Qualifying Tiers:

Business with no Business Operating Permit (BOP) - Tiers One to Four 

Tier One - Applied for Conditional Use Permit (CUP) 
Tier Two - Has CUP (Approved or Existing – must be consistent with the use for proposed cannabis business) 
Tier Three - Building Permits issued 
Tier Four - Certificate of Occupancy issued

Business with BOP - Tier Five 

Tier Five – BOP Issued. Funding can be used for any regulated cannabis business purposes: inventory, equipment, rent, marketing, etc.

Applications will require the following information and documentation:

General information required for all tiers (Tier One to Five)

Name and Contact Information 
OP# (if applicable) 
Business Name 
Business Address and Location  
Cannabis Business Activity(s)/Business Type 
A confirmation email from OCM certifying your submission of expenditure records, documentation, narrative reports, and fulfillment of all conditions and requirements in the grant report (for previous grantees only)  
Signature of CORE Grant Applicant (OCM may require a copy of the applicant’s photo ID to ensure the named applicant is actually applying for the grant).

In addition, documents required for businesses without BOPs (Tier One to Four) 

Bylaws or Operating Agreement
  Article of Incorporation, Article of Organization or Article of Association 
Statement of Information filed with the Secretary of State. 
List of owners and ownership percentages.

Specific documents for each tier

Specific document(s) required for Tier One:   Z or P file number(s) for CUP application (No TMP or PLN numbers, which are temporary files). 
Specific document(s) required for Tier Two:   Record of Decision(s) (ROD) for CUP  Specific document(s) required for Tier Three:   Building permit(s)  
Specific document(s) required for Tier Four:   Certificate of Occupancy(s) (CofO)
  In addition, documents required for businesses with BOPs (Tier Five)  Business Operating Permit (BOP)

Once the award for each tier is announced, applicants will need to:

Provide a detailed budget clearly showing how grant funds will be used within the next 6 months towards opening or keeping open a regulated cannabis business in Sacramento; and
Sign and return a grant agreement indicating that the funds will be spent towards opening or keeping open a CORE cannabis business; and 
Apply for a Supplier ID account, if applicant doesn’t already have one, that lists the correct business or personal name the check will be issued to and the address the check will be mailed to.  Remember that grants are generally taxable, so contact your accountant for further tax implication information.

Important things to remember:

One grant is available per person, per business. Additional grant applications submitted for the same person/business will be deemed void.   
The grant application is open to all verified CORE participants whose cannabis business fits into one of the above Tiers, except those with a disqualifying event as determined by OCM.

Disqualifying events include: 

Previously receiving a grant award (over $5,000) and failing to move to the next tier AND inability to provide adequate documentation as determined by OCM showing at least 70% of prior grant was used for the identified regulated cannabis business and location in the previously approved budget.
Note: Moving to the next tier due to a changed location or other events will require additional financial documentation to confirm that previous grant funding was spent on a regulated cannabis business in conformance with the approved budget
Misuse of any grant funds from the City of Sacramento for unapproved expenses or use on an unapproved business.
Default on a CORE Capital Loan (loan sent to collections). 
Default on Business Operations Tax (BOT).

For individuals who missed out on 2023-Tiered Grant due to incomplete documentation, there is an opportunity to submit the necessary paperwork for review to potentially qualify for the 2024-Tiered Grant One. Please reach out to OCM for more information.  

For any questions on the application process, please contact the OCM Team.

II. Competitive Grant

A total of $1 million will be disbursed through a competitive grant application intended for larger projects. Information will be shared with stakeholders via email and will be posted here when it becomes available.

Grant Forms

Grantees needing to modify your existing budget or submit receipts for expenditures of funds:

Grant Budget Modification Form

Grant Receipt Submission Form

CORE Completed Projects

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CORE Grants

CORE Tiered Grant Cycle One - Open

I. Tiered Grant

Important Dates for the 2024-Tiered Grant Timeline:

Application process and requirements:

Once the award for each tier is announced, applicants will need to:

Important things to remember:

Disqualifying events include:

II. Competitive Grant

Grant Forms

More

Important Dates for the 2024-Tiered Grant Timeline:  

Application process and requirements: 

Disqualifying events include: 