Who Makes Up This Industry?
Posted on 12 October 2015
One of the first introductions into this new world of MJ was last October where we attended a breakfast at John Jay School of Law in NYC titled “The Business of Pot.”Jeanine and I weren’t sure what to expect but when we arrived what we encountered was astounding. First the attendance was staggering. There were a couple of hundred people in business attire looking for opportunities to jump into this burgeoning market. There were growers, lawyers, dispensary owners, investors all poised and ready just looking for opportunities. Some had been around awhile and some were like us – new to the game (at least business wise!) What also struck us was the attendance. It was about 75% man to about 25% women. We weren’t totally surprised by this, (after all, that was the reason we were addressing this market) but the few women we met that day wound up making a profound impact on us. One of the first women we met was Diane Meier – she invited us to attend a newly formed group that she was hosting in her office, at their monthly meetings – Women Grow.
Women Grow, for those of you who don’t know, is an organization that was started by women for women to network in the Cannabis industry. This was a very important turning point – it gave women like us a networking opportunity that just did not exist in the MJ predominately male world. After our first meeting (they meet the 1st Thursday of the month and only 1 year later are in over 20 U.S. cities plus 2 more in Canada) we knew we were in the right place at the right time.
But back to the breakfast! NY Senator Diane Savino spoke about how she was able to get Medical MJ approved for 2016 in NYC and there was a stellar panel who spoke about legalization, regulations, taxes, and just about everything you would need to consider if you were starting a business in this industry.
It was energetic and informative. We became even more excited about our business venture. When the speakers had finished, we had a bit of time for networking.
So, if you’re entering into a new business, go to as many things as you can, learn as much as you can and heed the words of Mother Superior, “Climb every mountain, ford every stream, follow every rainbow, till you find your dream.”