Sarah Bodnar
This column is part of a series during Women’s History Month that offers practical steps toward elevating women in cannabis. The previous installment is available here.
In an industry that once had an unusually high percentage of female CEOs, the marijuana sector now has fewer women in leadership positions than the U.S. average.
According to MJBizDaily’s 2022 report, “Diversity, Equity & Inclusion in the Cannabis Industry,” the percentage of women executives in cannabis fell from 36.8% in 2019 to 23.1% last year.
Meanwhile, the Russell 3000 index of publicly traded companies reports that women now hold 28% of board seats of the 3,000 largest U.S. stocks it tracks.
How did we get here?
Summer Westerbur
In general, power is a self-fulfilling prophecy.
Statistically, white men have disproportionate access to capital and connections. And capital opens doors.
More opportunity equals more power. Having more women in leadership positions will, too.
Read full article on Marijuana Business Daily
