The Committee on Business and Economic Development held a budget oversight hearing on June 11, 2025, chaired by Kenyan McDuffie, focusing on the progress and challenges within the District of Columbia's business landscape. A significant highlight of the meeting was the recent surge in sales within the cannabis industry, attributed to legislative support and efforts to enhance social equity among businesses.

During the hearing, officials reported a remarkable increase in sales, with figures jumping from under $3 million per month to over $5.4 million in April and nearly $5.8 million in May. This growth reflects a broader trend, with total sales nearing $9 million in May alone. The increase is particularly notable among small businesses, many of which are classified as social equity businesses, which have expanded from just a handful to approximately 60 retailers.

The committee emphasized the importance of continuing to support social equity applicants and businesses through financial and technical assistance. Officials expressed a commitment to collaborating with the committee to explore alternative methods to ensure these businesses thrive.

Additionally, discussions included the mayor's proposed subtitles related to gaming activities such as poker and blackjack, with the committee indicating support for these initiatives. The meeting underscored the ongoing efforts to stabilize and grow the local economy while addressing the needs of underrepresented business owners.

Overall, the hearing highlighted both the successes and the ongoing challenges in the District's economic development efforts, with a clear commitment to fostering an inclusive business environment.