Why Starting a Cannabis Business Is So Hard
This video provides a good overview of the difficulty involved in starting a business that grows, sells, or distributes cannabis products, which can include money, federal illegality, state regulations, and structural racism.
Jeannette: So you really got to get your business funded from your personal wealth or from your network wealth.
Nancy: Those situations begin to favor people who’ve traditionally had good access to capital.
Jeremy: And oftentimes that correlate with being white.
Adriana: It is very white male-dominant. And there’s no reason that that is what it should be.
Narrator: Only 2% of cannabis entrepreneurs are Black. Yet Black Americans were most affected by marijuana’s illegal status in the past.
Jeremy: There is kind of a clear throughline from the war on drugs. According to the ACLU, Black people are four times as likely than whites to get arrested for cannabis use, despite using at very similar rates across age groups, across different states.
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