Theres No Doubt That The Female-led Companies Are Raising A Lot More Money, Says Arcview Ceo Troy Dayton.

“I dont want to give the country a fallacy that theres not a glass ceiling in the industry because there is,” she says. Carter, a former vice president at Citibank, has observed that most women in top positions work for businesses that support the pot-growing industry, including packaging, marketing, advertising, design, law, and accounting. “I think its because the threshold to get into this industry is really low if youre in the ancillary businesses,” she says. Unlike these support services, wholesale cultivation requires heavy capital investment and more risk tolerance, which some say could be drawing more men entrepreneurs. Also, women, particularly mothers, might shy away from growing because there is a stigma associated with it. “The stigma is something that we continue to fight and are going to have to continue to fight,” saysLeah Heise, an attorney; chief executive of WomenGrow, a membership organization for women cannabis entrepreneurs; and, pending final state approval, a potential dispensary owner in Maryland. Even if women aren’t flocking to pot farming and are underrepresented in the pot investment community, their high percentages in ancillary businesses and test labs is seen by some as gender equity progress. These two sectors are the most profitable of the pot businesses, according to Marijuana Business Daily. And in the experience of one pot-industry investment firm, the Arcview Group, the few women-led companies that do win investor funding tend to secure much more of it. “Theres no doubt that the female-led companies are raising a lot more money,” says Arcview CEO Troy Dayton. Of the $103 million that the firm has invested in 137 marijuana startups,$31 million, or 30 percent, went to women-led companies, Mr.

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