We’re continuing the 4/20 celebration with Black owned dispensaries and cannabis brands to support throughout the holiday and beyond. Cannabis is one of the fastest growing industries in the world, and people everywhere are attempting to get a piece of the pie. Like most spaces in America, it is most difficult for Black people to occupy a space in the cannabis industry. There are a few brands and dispensaries that have carved out a space for Black people to succeed. It’s the least Black folks can get for being incarcerated over petty drug-related crimes that are now legalized, but that’s another article for another day!
Today, we acknowledge the Black companies that are forging a path for other Black entrepreneurs to take over the cannabis business as well. It’s important to recognize these companies, which have already accomplished a great deal. It is rare to see Black people in the marijuana business, because it cost between $150,000 to $2 million to open a dispensary along with additional costs for licensing and other necessities to sell. Many of the business owners mentioned in this list started in another industry such as entertainment or sports and reinvested into the cannabis business. While other entrepreneurs, found other means to invest and still made a way to fund their businesses.