Marijuana companies have a diversity problem.
Despite selling marijuana and CBD products that are used by and appeal to a diverse set of customers from different cultural and socioeconomic backgrounds, the makeup of leadership at the world’s largest cannabis companies is still mostly white men.
In fact, compared to the boards of Fortune 100 companies, which are already white-male dominated, the boards of the 10 largest publicly traded cannabis companies are strikingly even less diverse.
Only two of the 65 board seats at the top 10 cannabis companies, based on market cap, reviewed by Yahoo Finance are filled by minority members, both are black men. That 3.1% minority representation trails the nearly 20% minority board representation for Fortune 100 companies as measured by the Alliance for Board Diversity by a wide margin.
New Brunswick, Canada-based cannabis producer OrganiGram and Chicago-based vertically integrated grower Green Thumb Industries were the only two companies among the 10 with minority representation at the board level.