Cannabis Industry's Diversity Problem Persists: This Groundbreaking CEO Program Provides Solutions
Portfolio Pulse from Maureen Meehan
Black entrepreneurs in Massachusetts make up less than 2% of cannabis industry owners, despite state-led efforts to promote equity. Parallel and Black CannaBusiness (BCB) are partnering to support cannabis owners of color through their second annual Black Cannabusiness CEO Intensive Program, a free six-week executive training program.
May 18, 2023 | 2:42 pm
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NEUTRAL IMPACT
Leafly's recent jobs report highlights the lack of diversity in the cannabis industry, with black entrepreneurs making up less than 2% of owners in Massachusetts.
The news highlights the lack of diversity in the cannabis industry, which may lead to increased scrutiny and calls for change. However, it is unclear how this will directly impact Leafly's stock price in the short term. The company's role in publishing the report may be seen as a positive step towards addressing the issue, but the overall impact on the stock price is neutral.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50