Not long ago, the cannabis industry could take pride in the higher-than-usual percentage of C-suite positions occupied by women, with roughly 1-in-3 of these posts held by a woman. This number plummeted in just a couple of years, however, dropping from 36 percent in 2015 to 27 percent in 2017, according to a Marijuana Business Daily survey.
A recent Dope Magazine article looked into the causes of this and identified three main drivers behind the trend:
- Deeply rooted social conceptions related to C-suite positions being better handled by men.
- The migration of male executives from male-dominated industries into cannabis.
- The fact that funding favors male-founded businesses.
Fortunately, many of the women who are in positions of power within the cannabis industry are fighting back, fiercely seeking to advance female representation in the industry. In an attempt to honor them, Benzinga is highlighting 20 women set to dominate the international cannabis space in 2019.
Establishing a fixed set