Why diversity in marijuana business licensing might not happen as soon as hoped – Crain's Cleveland Business
As we recently reported, some Northeast Ohio lawmakers and marijuana industry stakeholders are calling on state regulators to ensure racial equity in the awarding of cannabis-related business licenses, particularly as applications open for 73 more dispensary licenses in the Buckeye State in the coming weeks.
But will this call-out have any immediate impacts in the near term?
It’s hard to say.
The need for diversity and racial equity on the business side of the marijuana industry can’t be understated when considering the racist history of America’s war on drugs, which is well-known to have had a disproportionate impact on people of color.
Herb Washington, owner of Ohio dispensary Leaf Relief — the first Black-owned dispensary in the state — said during last week’s press conference that matters of equity will only become more important as adult-use/recreational marijuana laws become the norm.
“When full adult-use comes, the disparity will be even more compounded because now the potential economic (impact) grows expeditiously, and if we don’t get in on the ground floor, it will be almost impossible once it’s running to participate in this,” he said.
These marijuana businesses, Washington emphasized, can be methods for generating wealth that can be passed on to other generations —