With legalization looming, Black Missourians worry about losing out in marijuana industry
Marijuana Industry NewsMedical Marijuana March 9, 2022 MJ Shareholders 0
Abe Givins sunk into a leather armchair at the Cola Private Lounge in St. Louis on Saturday afternoon, where his company hosted a panel of doctors speaking about medical marijuana.
Givins is co-owner of Village, which advertises itself as the only vertically-integrated medical marijuana company in Missouri that’s 100% minority owned — meaning they have licenses to grow, manufacture and sell marijuana products.
A key part of the company’s mission, Givins said, is fighting for social equity in the cannabis industry, particularly in light of how the war on drugs has ravaged minority communities.
“A lot of people that I know have been incarcerated for cannabis offenses that were non violent,” said Givins, whose company is part of the Viola Brands franchise, one of largest Black-owned cannabis companies in the country. “So why not fight to get into the space and make it better for the people that are incarcerated?”
More than 2,000 applications were submitted for medical marijuana licenses in 2019, but fewer than 400 were ultimately awarded. And while the state doesn’t track the race of those who got a license, Givins and others in the burgeoning industry say few went to Black-owned businesses.
With the state potentially on the verge of another vote this fall on whether to legalize recreational marijuana, many in the Black community fear being shut out yet again. [Read more at Missouri Independent]
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
No comments so far.
Be first to leave comment below.