JACKSONVILLE BEACH, Fla. (420CanNews) — The green green grass within the cannabis industry is growing greener in many ways, and not just with evolving strains. With the unstoppable rise of women entrepreneurs, the view from the top is in constant flux. Still, a change of policy could turn this stereotypical stoner scene into a high-ly inclusive cannabis revolution.
According to the widely cited 2019 Marijuana Business Daily survey, the cannabis industry proudly boasted a remarkable achievement: 37% involvement from women, outshining various other industries managing a mere 21%. Talk about some serious girl power. Unfortunately, the lofty 37% dropped to a modest 23.1 in 2021. So, while women in cannabis were making significant strides, it’s evident that the journey toward gender equality in the cannabis world still has some rocky climbs ahead.
Challenges Encountered
The path of a cannabis CEO woman, while promising, is not without its thorns. Consider these examples that highlight the need for a change of policy to create a fair and equitable business environment :
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Navigating Financial Fog
Federal regulations still make it challenging for cannabis businesses to access traditional banking services. Consequently, reliance on high-interest loans or depleted personal savings is typical among many minority and women-owned businesses, as they have often been underpaid. It’s like wandering through a dense maze with no map in sight — a challenge many Wonder Woman can’t overcome.
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Playing Double Duty
To make a name in the industry, women in cannabis often bear the burden of juggling work and family responsibilities simultaneously. Cannabis companies need to implement supportive policies and offer flexible work arrangements. These measures can alleviate the unique hurdles women face in leadership roles, empowering them to thrive professionally and personally.
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Regulatory Rollercoaster
Maneuvering through a landscape of ever-shifting regulations is akin to riding a rollercoaster with blindfolds. It’s like trying to solve a Rubik’s Cube in the dark. In the cannabis industry, laws operate on simplicity and clarity, said no stoner. It’s all just a kaleidoscope of confusion and mind-bending paradoxes.
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Breaking the Bro Club
Male ownership and leadership have long characterized the cannabis industry. Despite the legalization of cannabis in numerous states, significant obstacles persist for minorities and women seeking entry. Networking in a predominantly male-centric sector can sometimes feel like trying to crash an exclusive party.
A New Policy Approach
Promoting inclusivity in the cannabis industry is long overdue and high time. After all, the cannabis world is notorious for pushing boundaries and blazing trails. A change of policy in implementing fair funding, clear regulations, and fostering a supportive cannabis community will elevate the entire sector, creating a world where women entrepreneurs not only find their place but thrive like a weed in a well-tended garden.
— Story Filed By 420CanNews Staff
Here’s More Information on the Topic:
Overcoming Challenges as a Woman CEO in the Cannabis Industry
https://www.rollingstone.com/culture-council/articles/overcoming-challenges-as-woman-ceo-the-cannabis-industry-1234783016/
Want to Work in Weed? Here Are the Women in Cannabis Study’s Most Compelling Findings
https://www.forbes.com/sites/katieshapiro/2022/03/07/want-to-work-in-weed-here-are-the-women-in-cannabis-studys-most-compelling-findings/?sh=3c138f0d717
Gender & Income Equality in the Cannabis Industry
https://stayhonest.org/guide/gender-income-equality-in-the-cannabis-industry/#section_title_52
