Would-be weed merchants hit a 'grass ceiling'
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 19 December 2023
⏱️ 10 minutes
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Summary
Today on the show, why many would-be cannabis entrepreneurs find themselves hitting a 'grass ceiling'.
Related
So you want to sell marijuana across state lines (Apple Podcasts/Spotify)
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Transcript
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| 0:00.0 | NPR. When he first started selling weed, Gregory Perero was just a kid. It was the 1970s. |
| 0:17.0 | He was living in the South Bronx. |
| 0:19.0 | I had lived on the street most of my life. God bless my mother's soul, but she had a drug problem. My |
| 0:26.4 | father ended up incarcerated for a period of time. I had uncles who turned into weed dealers and it's kind of where I got my start. |
| 0:39.4 | Gregory remembers how the economy for illegal drugs thrived in his neighborhood and |
| 0:43.9 | how some police would selectively turn a blind eye. He says white people who came |
| 0:49.5 | in to buy drugs the cops would just shoe away but for black and brown folks. |
| 0:55.0 | For us who lived in the area if there was one bag on the floor, $10 bag and there's five of us around all five go to jail would intend to sale. I know because it happened to me |
| 1:07.2 | And this isn't just Gregory's experience right for decades. States have arrested and |
| 1:12.3 | imprisoned people for selling or possessing weed. |
| 1:15.4 | And if you look at the stats, it's clear marijuana prohibition has been enforced in a discriminatory |
| 1:20.6 | way. |
| 1:21.6 | For instance, despite the fact that white people and black people |
| 1:24.6 | use marijuana at similar rates, black people are more than three times as likely to |
| 1:29.7 | be arrested for it. Nowadays, cannabis is a fast-growing industry, estimated to bring in roughly |
| 1:35.0 | $30 billion this year. And as many states try to stand up these new markets, |
| 1:39.8 | they're trying to give those most affected by marijuana's prohibition, people like Gregory, |
| 1:44.8 | a chance to make money from it legally through something called social equity programs. |
| 1:49.9 | It all sounds really great on paper, but there's challenges, so many challenges. |
| 1:58.6 | This is the indicator from Planet Money, I'm Waylon Wong. |
| 2:01.4 | And I'm Adrian Ma. Today on the show how the economics of the |
| 2:04.6 | cannabis business can make social equity hard to achieve and why a lot of |
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