Flowhub Social Equity Program Summary of Terms
Flowhub Holdings, Inc.’s (“Flowhub”) Social Equity Program is designed to promote equal opportunity in cannabis entrepreneurship by providing resourcing that removes hurdles to entry for underrepresented groups and those who have been disproportionately impacted by cannabis prohibition.
To qualify for the Social Equity Program, the applicant must meet each of the following eligibility requirements:
The applicant must be a new Flowhub customer (i.e., the applicant cannot have been a paying customer in the past 12 months);
The applicant must hold a legal dispensary license in a current Flowhub market; and
The applicant must hold a majority ownership of the business.
In addition to the above, the applicant must also qualify under one or more of the following:
The applicant is an existing social equity license holder designated by a state agency;
The applicant is part of an underrepresented group (including, BIPOC, LGBTQIA+, Veterans, Women); or
The applicant was previously arrested for or convicted of the sale, possession, use, manufacture or cultivation of cannabis, prior to the decriminalization of marijuana in such applicant’s state; provided such arrest or conviction (i) was not connected to a violent offense, (ii) was not connected to operating a motor vehicle under the influence and (iii) did not involve distribution, endangerment to or neglect of someone less than 18 years old.
Applicants will submit an application through Flowhub’s website. The Social Equity Program administrative team (the “SEP Admin Team”) will review applications on a rolling basis. The SEP Admin Team will select and notify recipients and ineligible applicants within 3-5 weeks of submission. Recipients will be required to sign a Flowhub agreement.
Any information requested on the application is subject to attestation and/or verification by the applicant. Flowhub reserves the right to deny an applicant admission in the program and may terminate the Social Equity Program at any time and for any reason at its discretion.
Each eligible applicant will receive the following benefits:
Flowhub POS software for $4.20 annually for one location, up to three years.
Two free Nug Pro hardware devices. A $750 refundable hardware deposit will be required per Nug device shipped; and
All inquiries regarding the Social Equity Program can be directed to firstname.lastname@example.org.