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Axios Re:Cap

The Hard Truth of the marijuana industry

Axios Re:Cap

Axios

Daily News, News

4.5705 Ratings

🗓️ 19 June 2021

⏱️ 14 minutes

🧾️ Download transcript

Summary

The latest episode of our Hard Truths series examining systemic racism in America takes a look at the multi-billion dollar marijuana industry. Today: the obstacles that two Black Latinas had to overcome when they chose to start their own businesses in the overwhelmingly white marijuana industry. Guest: Chanda Macias, CEO of Ilera Holistic Healthcare, and Women Grow and Gia Morón, CEO of GVM Communications and president of Women Grow. Credits: "Axios Today" is produced in partnership with Pushkin Industries. This episode was produced by Nuria Marquez Martinez and edited by Alexandra Botti. Alex Sugiura is our sound engineer. Special thanks to Axios Denver reporter John Frank, Axios Executive Editor Sara Kehaulani Goo, Hard Truths Editor Michele Salcedo, and Executive Producer Dan Bobkoff.

Transcript

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0:00.0

Hi, I'm Dan Premak, host of Axios Recap.

0:03.1

Today, we're bringing you the latest episode in our special Hard Truths series on structural racism.

0:08.8

I'll now turn it over to my Axiose colleague, Naila Boodoo.

0:16.3

Hi, I'm Naila Boodoo of Axios today.

0:18.9

And welcome to our special Saturday Hard Truths edition,

0:22.3

examining systemic racism in the U.S.

0:25.3

Today, the obstacles two black Latinas had to overcome

0:29.6

when they chose to start their own businesses

0:31.6

in the overwhelmingly white marijuana industry.

0:44.9

In 2018, almost 700,000 people in the U.S. were charged for possession of marijuana.

0:50.5

Black people were almost four times more likely to be arrested for possession than white people,

0:56.4

despite the fact that both groups use marijuana at similar rates. For a long time,

1:02.3

because of the so-called war on drugs of the 80s and 90s, these disparities were the primary story of marijuana and people of color in the U.S. But now that story is changing. As marijuana is

1:09.5

legalized in more states across the U.S. and growing into a

1:12.9

multi-billion dollar industry, black entrepreneurs are trying to reclaim the plant that crush their

1:19.2

communities for so long. Black entrepreneurs like Gia Moron. I saw this as an opportunity to say,

1:25.9

if I watch people in my community get arrested for this,

1:29.2

why can't I help people in my community enter from the legal, quote unquote, right,

1:34.3

the governmental legal standpoint of this and seeing where we can seek those opportunities.

1:42.1

Gia runs her own PR firm, GVM Communications, offering public relations services

1:47.2

for marijuana businesses. She started her company in 2012 after working at Goldman Sachs for 15 years.

1:54.1

Three years after starting her company, she moved into the marijuana industry.

...

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