A new report from “New Frontier Data, the cannabis Big Data and analytics authority, in partnership with Women Grow, the leading organization for the empowerment of women in the cannabis industry” claims that women have a majority ownership stake in 57% of Cannabis businesses throughout the country. According to Global News Wire, the “Diversity in Cannabis Report surveyed over 1,700 stakeholders in the cannabis industry from 28 states and the District of Columbia.”
In addition to covering ownership stake, the report also took a look at diversity in upper management, compensation and benefits, and diversity and inclusion in business strategy. The findings on the new and growing industry are extremely fascinating especially when you consider that legalization is still occurring. In a male dominated business world, its interesting to see that new industries like cannabis are being led by majority women and could play a part into the overall marketplace years from now.
Who would have thought that the legalization of cannabis would lead to a woman owned business revolution?
“Our latest report on gender and diversity issues in cannabis substantiate that the industry has not only broken gender barriers, but has shattered them compared to other mature industries in the United States. While the large share of female owned businesses in the industry is impressive, the same can however not be said for minority owned enterprises. The data and research we present in this latest report sheds light on areas where the industry is exceling as well as highlights those areas where improvement can be made,” said New Frontier Data Founder & CEO Giadha Aguirre de Carcer.