Giving Green – Can Cannabis and Social Responsibility Coexist?

Giving Green – Can Cannabis and Social Responsibility Coexist?

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According to the Colorado Nonprofit Association’s 2016 year-end survey, only 6 percent of nonprofits polled had accepted contributions from cannabis companies — but two-thirds of those organizations said they’d consider accepting a donation in 2017.

“It’s a time of shifting norms,” says Renny Fagan, CEO of the Colorado Nonprofit Association. As the billion-dollar marijuana industry matures into a mainstream enterprise, cannabis business owners are showing Colorado they’re interested in social responsibility, too.

And Colorado’s nonprofits could use the cash. The state is home to more than 20,000 public charities, all competing for limited funds. So why aren’t nonprofits jumping at the opportunity to go green?

There’s one bright-line rule to consider first: “If a nonprofit receives federal funds through a contract or grant, that contract or grant probably prohibits a violation of federal law as a condition of receiving funds,” Fagan says, noting that federally funded nonprofits should not accept marijuana money. 

Source Name: 
Colorado Biz
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