In an earlier report, CannabizDaily has revealed that 57 per cent of the employees working for a cannabis-related company are women. Yes, there are more men than women in the legal marijuana industry. This is because of the fact that the marijuana industry is very young, making it easier for women to enter the industry and work as hard as men and earn the same salary grade. Not only that, more women are also breaking through the glass ceiling.
Marijuana Business Daily even reported that 27 per cent of executives in cannabis businesses are women. That may sound quite low, but you should consider that when all industries are considered, only 23 per cent of executives are women. It used to be that more than 1 in every 3 executives were women.
That’s not all. It seems that some types of marijuana businesses are more accepting of female executives. For instance, in ancillary services firms, which involves lobbyists, government relations, and other similar services, more than four out of every ten executives are women. Women also make up 1 in every 3 executives in testing labs, 3 out of every 10 executives in ancillary technology and products, and 26.1 per cent of executives in marijuana stores and retailers.
Moreover, 1 in every 4 executives in companies that use marijuana in their products are women, as is 22.2 per cent of wholesale cultivators. Also, around 1 in every 10 executives in vertically integrated cannabis businesses and investors are female.
CannabizDaily has also found that two women are part of the C-suite at two of the 10 biggest marijuana companies. Barbara White is the Chief Medical Officer at Corbus Pharmaceuticals. Corbus currently has a market capitalization of $386.9 million and earned $1.9 million in gross income in 2016. Meanwhile, Michelle Sides is the CEO and chairperson of Medical Marijuana, Inc. The company has a market capitalization of $324.6 million and gross revenues of $4.64 million in 2016.
If you are a woman and are currently striving to break through the glass ceiling, you might want to consider a career in marijuana.