Weed Queens — Women That Thrive in the Cannabis Business

Industry News - Weed Queens — Women That Thrive in the Cannabis Business

The cannabis industry is one of the most lucrative and fastest-growing industries on the planet. In the midst of a pandemic, it is generating jobs and growing without any signs of slowing down. As such, it’s an attractive business for tons of investors and entrepreneurs, many of which are women. 

According to the 2017 MJBizDaily report, women make about 37% of senior-management jobs in the cannabis industry, which is far better than the measly 21% share in other industries.

And it’s true — from lab scientists to influencers, women work in every echelon of the weed industry. 

That said, they make just 8% of cannabis CEOs. Sadly, even this figure is higher than their representation at the very top among other industries.

From investing in stocks to running a cannabis product factory, there are different ways in which women can become part of the cannabis hype.  

But whatever the field, it will require expertise, determination, and ambition. This is exactly what the following cannabis queens have going for them:

  • Hope Wiseman (29), the CEO of Mary & Main, is the youngest African-American owner of a cannabis dispensary.
  • Cassandra Farrington and Anne Holland, the co-founders of Marijuana Business Daily.
  • Jessica Billingsley, the CEO of Akerna — the first woman CEO of a Nasdaq-traded cannabis company.

According to many, the significant roadblocks they found on the road to success are:

  • Lacking the capital to become larger players.  
  • Fewer investors are offering financial help to women-led cannabis businesses. 
  • Deeply rooted misconceptions that men make better CEOs.

However, things are about to change with funds coming from Treehouse Global Ventures. Co-founded by three women, it aims to help mentor other cannabis businesswomen and fund their businesses.

Furthermore, the expanding affordable education like the latest cannabis chemistry scholarship is expected to open up the industry to women even further.