#32 Demystifying the Cannabis Industry
Cannabis sales in the U.S. alone are estimated to reach more than $30 billion dollars by 2023. This growth is only going to accelerate as more and more governments legalize the industry’s medicinal and recreational use, prompting entrepreneurs and investors to jump into the opportunity.
In addition to recreational and medicinal use, there is a broad range of cannabis-related consumer products including edibles, topical creams, soft drinks, coffees, sleep-inducing teas, and even infused non-alcoholic beers and wines.
Yet, challenges continue. Similar to our democracy, the legalization of marijuana is an ongoing social experiment, imperfect and undone, as we’ve failed to discuss the practice of disproportionately imprisoning people for buying, selling, and cultivating the product.
In this episode we talk to Farhaj Mayan, the Founder of Kanna, a startup providing the Cannabis industry a platform to hire, train and manage their workforce. Join us as we talk about the stigma and systemic racism behind what is now a lucrative, not yet fully bankable industry, and the mental and physical toll of building a startup.