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Cannabis hasn’t always been inclusive for Black people, especially Black women. Now, Jessica Couch, Founder of Fayetteville Road Agency, and Cannaclusive’s Kassia Graham are working to break down all barriers put in place to keep them from reaping the benefits of the plant. “Black women alone are some of the top users of complementary and alternative medicine,” Couch explained to AfroTech. “So that’s our tinctures, our teas, we pray, we do all of this other stuff besides subjecting to just taking medicine that’s prescribed to us.” At Cannaclusive, it’s about Black women finally reaping the benefits for the work that’s put in. “It’s imperative that Black women are involved in the cannabis industry,” said Cannaclusive Director of Community & Strategy, Kassia Graham via email. “Like Black men and others impacted by the war on drugs, Black women deserve to reap any benefits from medical and adult-use legalization due to a history of being disenfranchised by the state and federal...
The Parent Company — a publicly traded U.S. cannabis organization backed by Jay-Z — is on a mission to make the cannabis industry more diverse, inclusive and equitable. Aligning with this, the company has hired Tiffany McBride as its new managing director of Social Equity Ventures. Founded in January 2021, The Parent Company is California’s leading vertically integrated cannabis company. McBride’s hire comes as the company also welcomed Kerry Arnold as its chief people officer. “This is an exciting time to join The Parent Company as the Managing Director of Social Equity Ventures to continue to ensure that minority communities have a seat at the table in the cannabis industry,” McBride said in a press release. “The Social Equity Ventures Fund and the recent opening of LA’s first Black Woman-Owned Dispensary, Josephine & Billie’s, are just some of the ways we are already making progress toward a more equitable future in cannabis. McBride joins the company with more than 15 years of...
Mike Tyson’s love for cannabis has always been “loud” and proud. Now the heavyweight champion will have an opportunity to channel his passion into dollar signs with the debut of Tyson 2.0 in partnership with Columbia Care Inc., one of the nation’s largest cannabis distributors. Tyson will wear the hat of the company’s chief brand officer while the company will be led by co-founder and chairman Chan Bronstein and CEO Adam Wilks. “I got to know Mike as an entrepreneur and investor, and it was clear to me that his relationship with cannabis was a critical component in his own life. We saw an opportunity to create Tyson 2.0 and develop brands and products nationally,” says Bronstein in a press release. Mike Tyson credits cannabis as the saving grace in his then ongoing battle with substance abuse — which created a string of confrontations with the law — and credits the drug for alleviating his aggressive demeanor. At age 55, Tyson had a newfound confidence, ultimately leading to a...
This article was originally published on 04/19/2019 Over the next ten years, the cannabis industry is expected to see growth around the globe. By 2027, spending on legal cannabis i s expected to hit $57 billion worldwide. The cannabis industry’s projected growth is a cause for celebration for some. Others, however, can’t help but think about the Black and brown people still locked up for it. According to the American Civil Liberties Union , marijuana arrests account for over half of all drug arrests in the United States. Black people are 3.73 times more likely than white people to be arrested for marijuana, despite similar usage rates. The same communities targeted by cannabis’ criminalization, however, aren’t reflected within the cannabis industry itself. Taking note of cannabis’ inclusivity problem, a group of women decided to confront it. Inspired by the growing opportunities — and disappointed by the diversity issues taking root — Cannaclusive was developed to facilitate fair...
Coca-Cola may be eyeing the marijuana industry, specifically drinks infused with CBD — the non-psychoactive ingredient in cannabis. The company is currently in talks with Aurora Cannabis, a Canadian marijuana producer, to develop the drinks, according to BNN Bloomberg TV . Aurora’s CEO Terry Booth said the company has spoken to at least three other beverage companies about making cannabis-infused drinks. Aurora’s stock jumped up to 23 percent on Monday, leveling off at $8. Other drink companies are also looking into investing in cannabis drinks. Constellation Brands Inc., the maker of Corona beers, announced that it is investing an additional $3.8 billion into Canadian cannabis producer Canopy Growth Corp, according to CNBC. Marijuana is still illegal on a federal level. According to the Pew Research Center, nearly 60 percent of Americans support the legalization of marijuana, but black Americans are more likely to feel its consequences. The American Civil Liberties Union said that...
Apparently, Tesla isn't about that marijuana life for their employees … well, unless you're the CEO. The Tesla CEO recently appeared on The Joe Rogan Experience , and admitted he does use marijuana, but claimed he doesn't partake often. Musk also said he usually does not notice the drug's effects. “I’m not a regular smoker of weed,” Musk said before taking a puff of marijuana, which is legal for recreational use in California, where the interview was filmed. But, that's not the point. A former Tesla factory employment isn't amused, accusing the Tesla/SpaceX/Solar City CEO of glaring hypocrisy. Single mother Crystal Guardado claims she was fired after testing positive for THC (an active ingredient in weed) after four months of working at Tesla's Fremont, California location. The positive result was actually due to doctor-prescribed THC drops, which Guardado used outside of work. “It was just like a slap in the face to me and my son,” Guardado told Bloomberg. “Elon Musk is just...