Minorities Capitalize on CBD business = $2.8 Billion and Growing !
Clearing the smoke: Minorities push to take over CBD industry
CBD isn't beginning to boom, it's booming to the tune of a $2.8B Bizz and growing.
CBD is starting to be used as a more natural way to treat health issues. But there's a problem: The industry's glaring lack of diversity. CBD, although derived from cannabis, is not Marijuana, nor is it a drug that gets you high, that would be the THC. CBD is the opposite of that.
"It's a cannabinoid that attaches to the receptors in our body that break down a lot of things like cancer to arthritis and diabetes and has an overall positive effect on life."
So let's look at businesses in general. How is it then that CBD is one of the fastest growing businesses in the world ? Thanks to the 2018 Farm Bill, the regulated production of hemp became legal in all 50 states.
In the United States, only 4% of cannabis businesses are Black-owned, partly due to a lack of accessibility and limited knowledge about the industry. This is a primarily white-driven industry, minorities are fighting their way to get in. Statistics also show that not only are Black people hesitant about entering the CBD industry due to the fear of being associated with drugs, but THC is also becoming legal in a lot of states. According to the ACLU, unfortunately Black people are still (4) times more likely to be arrested for possession than White people. Decriminalization an a lot of states is helping this a lot, but still is an issue.
But it hasn't always been that way. Back with our forefathers with George Washington, if you owned any land, you had to grow hemp on it OR you lost your land. In the 1980's, during the Ronald Reagan campaign. that’s when marijuana started to get a real bad name. They called it the gateway drug. Now here we are 06/11/2021 and we are educating people with what CBD is and what marijuana is and how different they area.
I feel like now we're at a different evolution and a revolution and a different industry being born OR re-born. I am proud and happy to part of this and have a positive effect on peoples lives !
Come join me in this evolution; Educate----->Educate------->Educate = H E A L T H !