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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>71485</law_id><section_number>4.1-1500</section_number><catch_line>Definitions</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="4.1">Alcoholic Beverage and Cannabis Control</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Cannabis Control Act</unit><unit label="chapter" level="3" order_by="1" identifier="15">Virginia Cannabis Equity Business Loan Program and Fund</unit></structure><text>
						<section><p>As used in this chapter, unless the context requires a different meaning:
		&#x201C;<span class="dictionary">CDFI</span>&#x201D; means a community development financial institution that provides credit and financial services for underserved communities.
		&#x201C;<span class="dictionary">Fund</span>&#x201D; means the Virginia Cannabis Equity Business Loan <span class="dictionary">Fund</span> established in &#xA7;&#xA0;<a class="law" title="Virginia Cannabis Equity Business Loan Fund" href="/4.1-1501/">4.1-1501</a>.
		&#x201C;<span class="dictionary">Funding</span>&#x201D; means loans made from the <span class="dictionary">Fund</span>.
		&#x201C;<span class="dictionary">Program</span>&#x201D; means the Virginia Cannabis Equity Business Loan <span class="dictionary">Program</span> established in &#xA7;&#xA0;<a class="law" title="Selection of CDFI; Program requirements; guidelines for management of the Fund" href="/4.1-1502/">4.1-1502</a>.
		&#x201C;<span class="dictionary">Social equity qualified cannabis licensee</span>&#x201D; means a person or business who meets the criteria in &#xA7;&#xA0;<a class="law" title="Regulations of the Board" href="/4.1-606/">4.1-606</a> to qualify as a social equity applicant and who either holds or is in the final stages of acquiring, as determined by the <span class="dictionary">Board</span>, a license to operate a <span class="dictionary">marijuana establishment</span>.</p></section></text><history>2021, Sp. Sess. I, cc. 550, 551.</history><metadata></metadata></law>
