A Look at BIPOC’s Ability to Access Capital and Income Through Cannabis in 2020
From left to right: Minorities for Medical Marijuana (M4MM)’s Roz McCarthy; Tammy Frazier, Florida chapter president; Carla White, membership director; and Erik Range, board chair© Carlos Amoedo

A Look at BIPOC’s Ability to Access Capital and Income Through Cannabis in 2020

December 21, 2020|Patrick Williams

In 2020, industry members have been meeting virtually to discuss opportunities for minority participation in the cannabis space, including at the ownership level. Organizations such as Minorities for Medical Marijuana (M4MM), Minority Cannabis Business Association (MCBA) and Marijuana Policy Project (MPP) held events where speakers addressed the murder of George Floyd in Minneapolis and other killings of people of color, as well as their desire for social equity and criminal-justice reform.

Racial disparities in cannabis industry participation reflect a broader statistics in agriculture. The National Young Farmers Coalition issued a report in December 2020 titled “Land Policy: Towards a More Equitable Farming Future.” It states that in the U.S., “White individuals account for 95 percent of all farmers, own 98 percent of farmland, and receive the vast majority of agriculture-related financial assistance.”

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