In 2015, 36% of executives in the cannabis industry were female. Four years later, that dropped to 17%, with representation for women of color at 5%.
The industry is expected to bring in $33 billion around the world this year, as a new license moratorium is being considered in Sacramento’s District 2.
Two female cannabis entrepreneurs in the area include Maisha Bahati — who runs the city’s only Black female-owned cannabis delivery service, Crystal Nugs — and Miko Banks, who will be starting a dispensary called Resziin Farms with a conditional use permit for the disputed District 2.
The two women joined Sonseeahray to discuss the possible moratorium and share advice for women and minorities hoping to enter the industry.
Additional Cannabis Resources for Black Women, Minorities:
- CannaCon: Business-to-business cannabis conference
- Women Empowered in Cannabis (WEIC): A community of women working in cannabis dedicated to building an industry that is diverse and gender-inclusive.
- Tokeativity: A minority-focused cannabis business development firm
- Minority Report Form: An annual marketing analysis on minority-owned cannabis businesses
- GreenStreet Academy: An online cannabis education platform
- Girl Get That Money: A business coaching and consultancy firm
- Cannaclusive: An agency that fosters inclusion in the cannabis industry
- Tonic: The only woman-owned, vertically-integrated hemp company in the Northeast U.S. CannAcademy: Free online courses about the cannabis business
- ALMOSTCONSULTING: A cannabis market consultancy