MJBizMag October 2021 - 34

REPORT PREVIEW Women & Minorities in the Cannabis Industry
Diversity, Deferred
By Jenel Stelton-Holtmeier
Percentage of women and minorities in leadership positions down from 2019
T
he cannabis industry has changed
significantly since 2017, when
the first edition of MJBizDaily's
" Women & Minorities in the Cannabis
Industry " was published.
The diversity landscape has changed
as well. For example, preventing
individuals with drug convictions, which
disproportionately affect people of color,
from working in or owning marijuana
businesses was common practice in most
early legal marijuana markets. Now,
social equity is a critical component in
every market, new and old.
Social equity initiatives and cannabis
legalization are now intertwined, but
there is no single easy solution for
improving the diversity landscape. Still,
it is encouraging to see new markets
seeking to improve upon the programs
that came before and older markets
attempting to fill the gaps that still exist.
However, racial and gender diversity
in the marijuana industry still is
lacking-especially in ownership and
executive positions.
WOMEN AND
REPRESENTATION
As the cannabis industry expands, more
women are getting involved. But the
percentage of executive positions held
by women declined in 2021 after a spike
in 2019.
Notably, in 2021, the percentage of
women holding executive positions
fell below the average recorded across
the larger U.S. business landscape.
Previously, the portion of executive
positions held by women in the cannabis
industry consistently outpaced that of
mainstream businesses.
This shift isn't driven solely by the
decline in women cannabis executives;
the latest data from the U.S. Bureau of
Labor Statistics indicates that women
hold a higher percentage of these roles in
the broader economy-up to nearly 30%
from only 21% in 2018.
It's hard to say for sure what's driving
the change, but some industry experts
Percentage of Women Executives in the Cannabis Industry
Breakdown by Year
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MJBizMag October 2021

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