; equitable licensing grant program (1) Cannabis Opportunity Program The Administrator of the Small Business Administration shall establish and carry out a program, to be known as the Cannabis Opportunity Program to provide any eligible State or locality funds to make loans under section 7(m) of the Small Business Act ( 15 U.S.C. 363(m) ) to assist small business concerns owned and controlled by socially and economically disadvantaged individuals, as defined in section 8(d)(3)(C) of the Small Business Act ( 15 U.S.C. 637(d)(3)(C) ) that operate in the cannabis industry. (2) Equitable Licensing Grant Program The Administrator of the Small Business Administration shall establish and carry out a grant program, to be known as the Equitable Licensing Grant Program , to provide any eligible State of locality funds to develop and implement equitable cannabis licensing programs that minimize barriers to cannabis licensing and employment for individuals most adversely impacted by the War on Drugs, provided that each grantee includes in its cannabis licensing program at least four of the following: (A) A waiver of cannabis license application fees for individuals who have had an income below 250 percent of the Federal Poverty Level for at least 5 of the past 10 years who are first-time applicants. (B) A prohibition on the denial of a cannabis license based on a conviction for a cannabis offense that took place prior to State legalization of cannabis or the date of enactment of this Act, as appropriate. (C) A prohibition on criminal conviction restrictions for licensing except with respect to a conviction related to owning and operating a business. (D) A prohibition on cannabis license holders engaging in suspicionless cannabis drug testing of their prospective or current employees, except with respect to drug testing for safety-sensitive positions, as defined under the Omnibus Transportation Testing Act of 1991. (E) The establishment of a cannabis licensing board that is reflective of the racial, ethnic, economic, and