As VCs and corporate money move in, women say they’re being pushed aside
When Nancy Whiteman, 61, founded her marijuana edibles company, Wana Brands, almost a decade ago in Boulder, Colo., the legal industry was relatively diverse and dominated by local startups. It helped that Wall Street banks and institutional investors took a handsoff approach to cannabis, leery of getting involved with a drug that’s still banned by the federal government. “It was a pretty even playing field for everybody—men, women, anybody who was interested,” Whiteman says.
These days, however, the industry is increasingly dominated by men. The influx of venture money and Wall Street dollars, in addition to the rise of larger companies operating in several states, has made things harder for startups and, by extension, femaleled businesses. In 2015, 36% of pot executives in Colorado were women, but two years later that had dropped to 27%, according to Marijuana Business Daily. Some in the industry fear the same lack of diversity that’s characterized such sectors as finance and technology will become the norm for the fastgrowing pot world.
Continue reading your story on the app
Continue reading your story in the magazine
When Covid's End Means A Return to Prison
Inmates sent home under the Cares Act find themselves in limbo
Many Radical New Applications
For Moderna, going from startup to world-leading vaccine maker was challenging enough. Bringing messenger RNA to flu shots, cancer treatments, and more will be even harder
He's Making Apple the Bad Guy
Horacio Gutierrez has spent five years molding the narrative of the iPhone maker as an abusive monopolist
Mixing Markets, Faith, and Instagram
A celebrity preacher in Indonesia shows that meme stocks are a global phenomenon
How to Forget a Pandemic
As Covid-19 devastated Mexico, the government obscured the facts about cases, deaths, and vaccinations
Get 'Em While They're Hot
After their smokin’ pandemic-era growth, grill makers Weber and Traeger are going public
FOOD FOR PEOPLE WHO CAN'T EAT
A dentist with a culinary diploma has made crispy crackers that don’t need chewing. The next step is selling them
Fear of a Digital Dollar
The idea of a government-backed virtual currency has support in policy circles, but banks see a threat to their dominion over consumer finance
Can't Hide From Diaper Inflation
Lower-income households are struggling to absorb double-digit price increases
Another Covid Crisis for Global Supply Chains
Hundreds of thousands of unvaccinated seafarers could snarl international trade
The Beauty Benefits of Hemp & CBD
These trendy supplement ingredients are becoming more and more popular in personal care products
Miracle Cure Or Wellness Fad?
The use of cannabis for its health benefits can be traced back to Ancient China, but it’s only in recent years that modern medicine has started looking at marijuana in a whole new light
Can The Black Market Be Stopped?
The biggest threat to marijuana startups isn’t coming from the legal competition. It’s coming from the illegal market, which thrives even in states that have legalized weed. To extinguish the threat, licensed dealers might have to work together.
Recent Research Into Pain, Anxiety, Sleep, & Parkinson's
CBD is everywhere these days—in products from supplements to sparkling water to shampoo. What’s the best way to benefit? A doctor and a pharmacist explain
Doping - With The Olympics Comes Temptation
With the Olympics comes increased scrutiny of the anti-doping policies of competition climbing
Can You Hack Your Own Brain?
From brain-boosting supplements to “smart” drugs, nootropics may hold the secret to unlocking the hidden potential of our minds.
Wacky Willie's Reefer Madness!
Fears marijuana mogul’s lungs are going up in smoke
Weedmaps To Stop Advertising Unlicensed Pot Businesses
The major online pot shop directory and cannabis marketplace Weedmaps announced Wednesday that it will no longer allow blackmarket businesses to advertise on its site, a decision that could boost California’s efforts to rein in its vast illegal market. State regulators and licensed businesses had been pressuring the company to ban unlicensed businesses. Allowing untaxed, unregulated product on the site alongside the taxed marijuana of licensed and regulated stores undercut the legal market, they said.
Kevin Murphy - The $3.4 Billion Man
Kevin Murphy left Wall Street for cannabis in 2011, grew his company, Acreage Holdings, and sold it this spring for billions. And he says there’s plenty more room for growth.
Ease Your Aches With CBD
The popular hemp extract has delivered dramatic, life-changing pain relief for many people—without the issues associated with opioids.