Maryland Board to Elect Chair as Community Reinvestment Fund Established

House Bill 1364, introduced in Maryland on April 5, 2025, aims to establish a Community Reinvestment and Repair Fund designed to support community-based organizations in areas disproportionately affected by past cannabis prohibition enforcement. The bill seeks to address historical injustices by providing financial resources to communities identified by the Office of Social Equity, in consultation with the Office of the Attorney General.

Key provisions of the bill include the creation of a nonlapsing fund, which will be administered by an executive director and funded through various revenue streams, including sales and use tax revenue and conversion fees from cannabis businesses. The bill also outlines the structure of a governing board, which will consist of members reflecting the state's diversity, serving two-year terms without compensation, although they will be reimbursed for expenses.

Debate surrounding House Bill 1364 has focused on its potential impact on social equity and community healing. Supporters argue that the fund is a necessary step toward rectifying the harms caused by previous cannabis laws, while opponents express concerns about the allocation of state resources and the effectiveness of such programs in achieving meaningful change.

The implications of this bill are significant, as it not only addresses social equity issues but also sets a precedent for how states can manage the transition from prohibition to legalization in a manner that seeks to benefit those most affected by past policies. Experts suggest that successful implementation could lead to improved community relations and economic revitalization in targeted areas.

As the legislative process continues, stakeholders will be closely monitoring amendments and discussions to gauge the bill's final form and its potential impact on Maryland's communities.