Black Entrepreneurs in Cannabis Industry Push for a Piece of the Profits | WSJ

Black Entrepreneurs in Cannabis Industry Push for a Piece of the Profits | WSJ

Black people comprise only a small percentage of those profiting from the burgeoning legalized pot market, according to state data. Public initiatives and private funds, like one started by Jay-Z, aim to boost minority participation. Photo: Rob Alcaraz/The Wall Street Journal

In-Depth Features
A global look at the economic and cultural forces shaping our world.

More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video

On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM

#WSJ #Cannabis #Entrepreneurship

47 Comments

  1. Trevor Clark on May 17, 2022 at 7:22 pm

    Surely any good business idea has as much chance as any other to get capital no matter the race of the person who comes up with it. I’d be all for government programs to promote small businesses over big ones but it should never be based on race. Anyway good luck girls I hope you kill it!



  2. acortez1192 on May 17, 2022 at 7:23 pm

    Grow your own. It’s not that hard.
    Everyone paying for mids in fancy boxes.



  3. GunnyTheGunGunnerson on May 17, 2022 at 7:23 pm

    New Jersey the only state where it’s legal recreationally but illegal to home grow. I will never buy from a dispensary. Once it’s legal to home grow I’m going to grow my own and give it away to friends and family.



  4. Alparslan Korkmaz on May 17, 2022 at 7:29 pm

    Nice video.



  5. J S on May 17, 2022 at 7:30 pm

    Opening a dispensary in a saturated market with the only differentiation from your competitors is your skin color. Sounds like a sound investment lol.



  6. AP's Vintage - finds on May 17, 2022 at 7:32 pm

    Keep on pushing ladies



  7. Extra Space on May 17, 2022 at 7:34 pm

    Sounds like she is using her own product… Mistake number one..



  8. lagemz01 on May 17, 2022 at 7:34 pm

    I’d love a piece of this action. I know lots about marigolds and edibles. Lived in California when it was 1st legalized for medical only, great dispensaries, was an activist along with my kid, who got Gavin Newsome to protest in LA with her. She’ll be my partner, 2 generations of girls… 💄



  9. Leya Shetty on May 17, 2022 at 7:35 pm

    Nice update!
    I’m so happy 🤗 My life changed totally, I’ve been earning $27,486 returns from my $6,500 investments every 14 days



  10. The DJ is King, Not the MC. on May 17, 2022 at 7:38 pm

    So many things wrong with this video. I would love to start a business like loads of other people but if you don’t have the capital it can’t happen. Secondly the market is already saturated with weed as they just fling licenses out. Also why use your colour as an excuse to why you can’t raise the capital. Its a cop out.
    And lastly why is it wrong to say coloured people but people of colour is okay.
    Anyway if I was an investor I would not give money to this woman.



  11. 525Lines on May 17, 2022 at 7:38 pm

    Given that the Black community in America has historically relied on the drug trade, I understand why Black owned businesses should have a seat to the cannabis business.



  12. sesus6 on May 17, 2022 at 7:40 pm

    Racist nonsense



  13. Brian Wolf on May 17, 2022 at 7:41 pm

    This has nothing to do with her skin color.



  14. Abdullah Özdemir on May 17, 2022 at 7:42 pm

    Stop calling people black or white.



  15. SoCalFreelance on May 17, 2022 at 7:42 pm

    What are Whitney’s qualifications to run a business? Yet another example of demanding things without putting in the work. 😒 Equal Protection Clause of the Constitution means everyone has a equal chance to succeed or fail. Governments giving out funds or other benefits based on race is illegal!



  16. Peter R on May 17, 2022 at 7:43 pm

    Lol no one is held back once it was legalized. Stop making excuses for yourself



  17. Contact 👉 Maskoffweb,com 👈 on May 17, 2022 at 7:43 pm

    M a s k o f f w e b, did it again



  18. Samson Soturian on May 17, 2022 at 7:45 pm

    Not news.



  19. random on May 17, 2022 at 7:45 pm

    see who is top 10 richest man in the world? there’s reason why the list is not for everyone



  20. P G on May 17, 2022 at 7:45 pm

    Starting your business with no money is a suicidal move.



  21. The Ram on May 17, 2022 at 7:47 pm

    Imagine you can’t get a loan becuase you don’t qualify for that social equity program. 25 years from now…..



  22. Bapo X on May 17, 2022 at 7:48 pm

    I never noticed this because my only friend in the business is a blk medical marijuana grower .I think it depends on the state .Some states since Reaganomics make a business incarcerating minorities with "make work" jobs and free labor .Just the new slavery



  23. LESSONS 4 LIFE on May 17, 2022 at 7:49 pm

    Easy money



  24. Nako simpson on May 17, 2022 at 7:49 pm

    OtherOther



  25. Art by Jeremy Maya Robinson on May 17, 2022 at 7:49 pm

    More black owned cannabis businesses in the San Luis Valley, please!



  26. Thomas Hoffman on May 17, 2022 at 7:50 pm

    "There are things known and things unknown, and in between are… The Doors."

    – The Doors (Break on Through)

    Romans 12:2
    “And be NOT CONFORMED to this world, but be ye TRANSFORMED by the renewing of your mind, that ye may prove what is that good, and acceptable, and perfect, WILL of God!”

    Colossians 3
    "If ye then be RISEN WITH CHRIST, seek those things which are ABOVE, where Christ sitteth on the right hand of God."

    "Set your affection on things ABOVE, not on things on the Earth."

    "For ye are dead (Dead in Christ), and your life is hid with Christ in God."

    "When Christ, who is our life, SHALL APPEAR, then shall ye also appear with him in GLORY!"

    "Mortify therefore your members which are upon the Earth; fornication, uncleanness, inordinate affection, evil concupiscence, and covetousness, which is idolatry."

    "For which things’ sake the WRATH of God cometh on the children of disobedience."

    "In the which ye also walked some time, when ye lived in them."

    "But now ye also put off all these; anger, wrath, malice, blasphemy, filthy communication out of your mouth."

    "Lie not one to another, seeing that ye have put off the old man with his deeds."

    "And have put on the NEW MAN, which is renewed in KNOWLEDGE after the image of him that created him."

    "Where there is neither Greek nor Jew, circumcision nor uncircumcision, Barbarian, Scythian, bond nor free: but Christ is ALL, and in all."

    "Put on therefore, as the elect of God, holy and beloved, bowels of mercies, kindness, humbleness of mind, meekness, longsuffering."

    "Forbearing one another, and forgiving one another, if any man have a quarrel against any: even as Christ forgave you, SO DO ALSO!" (Forgive EVERYONE)

    "And ABOVE all these things put on charity (Love), which is the bond of perfectness."

    "And let the PEACE of God RULE in your hearts, to the which also ye are called in one body; and be ye thankful."

    "Let the word of Christ dwell in you RICHLY in ALL WISDOM; TEACHING and admonishing one another in psalms and hymns and spiritual songs, singing with grace in your hearts to the Lord."

    "And whatsoever you do in WORD or DEED, do all in the name of the Lord Jesus, giving thanks to God and the Father by him!"

    "And WHATSOEVER YOU DO, do it heartily, as TO THE LORD, AND NOT UNTO MEN!"

    "KNOWING that of the Lord ye shall RECEIVE THE REWARD  OF INHERITANCE: for ye SERVE the Lord Christ!"

    "But he that doeth wrong shall receive for the wrong which he hath done: and there is no respect of persons." (What you sow you shall also reap!)

    Revelation 3:20
    “BEHOLD… I STAND AT THE DOOR, AND KNOCK! If any man hear my voice, and open the door, I will come in to him, and will sup with him, and he with me.”

    Revelation 19:7
    “LET US BE GLAD AND REJOICE, GIVING HONOUR  TO HIM! For the Marriage of the Lamb is come, and his wife hath made herself… READY!!!”

    https://youtu.be/pYaAun17kuY



  27. R D on May 17, 2022 at 7:53 pm

    Good for them? Good on them for being entrepreneurs and creating jobs.



  28. Sesse Lind on May 17, 2022 at 7:53 pm

    What about the Asian Entrepreneurs?



  29. Elizabeth Hurtado on May 17, 2022 at 7:54 pm



  30. alec on May 17, 2022 at 7:55 pm

    All small cannabis companies will get blown out of the water once more actual farmers get involved. There is no reason THC needs to be so expensive. I don’t want to pay a bunch of middlemen in expensive LA storefront property I just want the product.



  31. U Haul on May 17, 2022 at 8:01 pm

    Everything gotta *race* side 2 it huh?



  32. Prateek on May 17, 2022 at 8:02 pm

    HIGH profits!!😂



  33. Kevin S on May 17, 2022 at 8:04 pm

    Let’s be honest, they’re been profiting from it for years… waaaaay before went ‘legal’



  34. C Swain on May 17, 2022 at 8:05 pm

    We contribute billions of dollars yearly to the economy yearly , pool those moneys together



  35. RightWingDeathSquad on May 17, 2022 at 8:05 pm

    The last thing America needs is more drugs.



  36. Spiral Breeze on May 17, 2022 at 8:06 pm

    I just wanna be able to grow my own for my skin cream.



  37. Jonathan L on May 17, 2022 at 8:09 pm

    Sounds like a bad investment especially here in LA where there’s a dispensary in every corner
    Good luck to her and I’ll stop by when it opens to buy some edibles 🤙🏼



  38. John Charles on May 17, 2022 at 8:09 pm

    Cat packer??? xD Funny name



  39. Muzz Ullah on May 17, 2022 at 8:10 pm

    Qp kinda a lot but not 10 yrs a lot. You can literally kill someone for that amount of time.



  40. FreeStyle on May 17, 2022 at 8:10 pm

    It costs 2 million just to open the shop. Maybe you should move



  41. Unboxing john on May 17, 2022 at 8:11 pm

    Everything racial nowadays. I can’t be a stock trader because I’m black is a very degrading mindset. There are no legal barriers a white person has that a black person doesn’t not have



  42. kirkdogg007 on May 17, 2022 at 8:14 pm

    All the great male hustlers and this is what that came up with this is BS



  43. Contact 👉 Maskoffweb,com 👈 on May 17, 2022 at 8:15 pm

    M a s k o f f w e b did it again



  44. Rockee Rockey on May 17, 2022 at 8:18 pm

    I’m old, ugly & disabled, can I get in on the gravy train too?



  45. Addictive Thoughts on May 17, 2022 at 8:19 pm

    Never knew a business like this exist



  46. Yahvelnek Yahvelnek on May 17, 2022 at 8:20 pm

    Let the people who sell it best sell it.



  47. Anastacia on May 17, 2022 at 8:20 pm

    FAUCI PATENTED THE COVID VIRUS….
    https://youtu.be/2YfIidijajk