International Women's Day is a day of collective global activism and celebration for all those committed to forging women's equality. The cannabis industry, like many others, faces challenges in gender and diversity representation. A 2023 report by MJBiz revealed that women make up 39% of marijuana executives in the U.S., with racial minorities accounting for just 24%. While these figures show improvement from previous years, issues such as harassment and lack of inclusivity persist.
Research indicates that companies with diverse leadership teams tend to have higher financial returns. Creating a diverse and inclusive workplace is crucial for long-term success. Experts suggest that employers should embed inclusivity in their culture from the outset, starting with inclusive hiring practices and clear communication of their commitment to diversity.
Employee Resource Groups (ERGs) can play a significant role in promoting Diversity Equity and Inclusion (DEI) within organizations. Even small steps, such as diverse hiring practices and diversity training during onboarding, can make a difference. Events in the cannabis industry are also becoming more inclusive, with efforts to ensure equal gender representation on panels.
Collecting demographic data through annual diversity surveys can help companies track progress and address areas needing improvement. Investing in proper HR resources is seen as a cost-saving measure and a way to enhance performance. Consumers can also contribute to promoting equity by supporting Black, women-owned, and inclusive businesses.
As the cannabis industry awaits potential changes in regulations, public engagement is crucial. Organizations like the Drug Policy Alliance are advocating for the removal of cannabis from the Controlled Substances Act to address historical injustices. Consumers are encouraged to participate in public comment processes to ensure that regulatory changes are inclusive and just.
