Social equity policies could shape diversity in the legal cannabis industry

In the United States, less than 20 percent of legal cannabis business owners and founders are minorities. This reality, combined with the negative consequences of cannabis prohibition on minority communities, has led many advocates to call on elected officials to address this disparity. With legal cannabis projected to meet over 40 percent of our country’s annual demand by 2025, the policies state lawmakers choose to implement over the next few years will likely play a significant role in the makeup of this quickly expanding and highly profitable industry.