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.
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