"This has undoubtedly sent shockwaves through the cannabis space with investors and industry giants likely taking note. Black cannabis leaders state that there has always been less funding and respect for them. "Politics has emboldened people to say what they really think," Alexander-Davis said. "When people think about DEI hires, they think the standards are lower when they're actually higher.""
"As legal scholar and director of the Meltzer Center for Diversity, Inclusion, and Belonging, Kenji Yoshino writes, "Talent is everywhere, opportunity is not." Which is reflected in both the MIT Sloan Management Review and Harvard Business Review, reinforcing that even in small doses, social equity in business is proven to drive a company's ability for change-increasing profitability, income earnings, shareholders return, and revenue growth."
"This equates to better practices for growing healthier cannabis and thus safer products and options. For Nina Parks, co-founder of Supernova Women, a nonprofit empowering people of color to become self-sufficient shareholders in cannabis, that's the spirit behind her other project, the Equity Trade Network. The group's mission is to foster growth in the industry, through advocacy and working alongside lawmakers, regulators and policy people charting a path towards financial success."
Political shifts have intensified candid conversations about racial bias and underfunding facing Black cannabis entrepreneurs, while DEI remains broadly misunderstood. Diversity includes ability, age, religion, sexuality, gender, and veteran status as well as race. Talent is widespread but opportunity is uneven, and social equity initiatives, even in small doses, improve profitability, earnings, shareholder returns, and revenue growth. Advocacy groups and programs like Supernova Women's Equity Trade Network work with lawmakers and regulators to expand access and financial success. New business avenues, such as hemp-derived THC beverages and Spanish-language education platforms, present more viable entry points for marginalized entrepreneurs.
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