Denver’s marijuana businesses lack diversity in ownership and employment, city study finds
Marijuana Business, Stocks, Finance, & Investing June 9, 2020 MJ Shareholders 0
The majority of Denver’s cannabis-focused businesses are owned and staffed by white residents, leading to a lack of opportunities for people of color to get involved in the industry, according to a city study released Monday.
According to Denver’s Cannabis Business and Employment Opportunity Study, 74.6% of owners of licensed cannabis businesses within city and county limits are white, as are 68% of employees.
Hispanic, Latino and Spanish residents account for 12.7% of cannabis business owners and 12.1% of industry employees, while black and African American residents make up 5.6% of ownership and 5.9% of industry employees, the study found.
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