For most businesses, donating money to various charities and non-profit organizations is a standard practice. But when it comes to the cannabis-related companies, participating in the charitable activities appears to be a bit more difficult that for any other businesses in the U.S.
Charities do not want cannabis-related money
One of the biggest problems is that while marijuana legalization movement keeps spreading across the country, there are a lot of people who still consider cannabis a dangerous and illegal substance. Therefore, they refuse to accept any donations coming from weed companies.
Some charities, however, have better reason for not cooperating with cannabis-related businesses. First, the plant remains a Schedule I substance and is still illegal on the federal level, and many charitable organizations receive federal funding and they do not want to lose it. Secondly, there are non-profits whose goals do not allow them to get involved with any marijuana-related companies. And thirdly, there are still a lot of banking issues in the cannabis industry, and unfortunately, not all non-profit organizations are willing and ready to accept large donations in cash.
Marijuana companies donate money for the right reasons
While it is pretty difficult for cannabis entrepreneurs to find a charitable project they can donate money to, it is even harder for them to explain to people that they actually do it for the right reasons.
While there are a lot of businesses that give money to charities in order to write off these donations on their tax filings, this solution is not accessible for the cannabis-related businesses. As Shannon Brooks, director of marketing and co-owner of the Lightshade shop chain, said to
The other thing people should understand about marijuana is that it can be a source of so much needed funds for the projects that really matter to the community: from building new public spaces to giving more scholarships to talented students to funding new research and more.
In Colorado, for example, two marijuana-related companies—O.penVape and Colorado Harvest Company—became the headline sponsors for the Levitt Pavilion Denver project. They donated $250,000 to the construction of an amphitheater in one of Denver’s parks.