HoodIncubatorOaklandImageGeorgeBakerJrViaEastBayExpressDotCom

Oakland, Calif. Nonprofit The Hood Incubator Helps Entrepreneurs Of Color Break Into The Cannabis Industry

The Hood Incubator is a champion for equity in cannabis.

Legal cannabis is a multibillion-dollar industry. And like most others, it’s also predominantly white.

Unfortunately, if people of color want a stake in the Green Rush, they’ll have to deal with an economic system that’s consistently rigged against them.

About 97 percent of venture-capital funding, for instance — which has become a major source of money for legal marijuana — goes to white men, and Black entrepreneurs accounted for less than 2 percent of small business loans in 2014.

Read More at EastBayExpress.com



CANNABIS ENTREPRENEURS
READ BLUNT

SIGN UP FOR FREE WEEKLY CANNABIS
BUSINESS NEWS, ANALYSIS AND ALERTS