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Because the legal market for the industry is new, cannabis companies have a unique opportunity to learn and grow through a variety of gender-based advice.Photo of Benjamin Child
With the recent announcement of the nearly $ 4 billion increase in Canopy Growth and most of the funding from Constellation Brands and institutional capital such as Merrill Lynch, the cannabis industry is now abruptly experiencing the power and depth of money.
The rise is a startling sum, representing nearly 40% of the North American cannabis economy, which is expected to impact both the North American cannabis market and the global cannabis economy. It will shape the legalization of cannabis across the planet.
The way that Canopy will depend on the deployment of the capital will depend on its management team to its board of directors, Canopy will decide which companies to acquire, the infrastructure for the architect and the overall type of the Cannabis industry for which to lobby – worldwide.
But there is a surprising and systemic problem: Canopy's board and leaders are all men. This group is positioned to have a significant impact on the appearance and development of the cannabis industry, perhaps permanently.
While it is difficult to determine which cannabis companies are, in fact, the most valuable, market capitalization can provide us with insights into which companies control the largest amount of capital in that space. The websites and investor information for Canopy and four other fully capitalized cannabis companies – Aurora, Aphria, Cronos and Terra Tech – show that Canopy Growth is not alone in the male-dominated mix.
Although this may change at any time, at the time of writing this article, there was only one woman among all the listed management teams and only three women board members:
- Aphria Inc.– market cap: 4.48 billion
- A woman on the board of directors, no woman in the management team
- Aurora Cannabis– market cap: 8.07 billion
- Two women on the board of directors, a woman in the management team
- Canopy growth– market cap: 11.28 billion
- No women on the board of directors or the management team
- The Canopy website lists a "management team" where three of the thirteen members of the management team are women.
- Cronos Group Inc.– market cap: 2.03 billion
- No women on the board of directors or the management team
- Terra Tech Corp.– market cap: 1.2 million
- No women on the board of directors or the management team
(Data from the board of directors and the management team were collected from the company's website Canopy Growth publishes a third category beyond the management team and the management team. board of directors, figures from the Canopy management team are included.)
This is obviously not a new phenomenon. The boards of directors of most publicly traded companies and management teams in the United States are predominantly male. Of the 3,000 largest companies listed in the United States:
- Only 18% board seats are held by women, of whom only 4% are chaired by a woman.
- Only 5% S & P 500 CEO positions are held by women.
Because the legal marketplace of the industry is all new, cannabis companies have a unique opportunity to train and grow through diversified advice, leading to cutting-edge business cultures. MSCI demonstrated that the increase in the number of women in boards of directors and management positions productivity of the workforce, diversity of staff, talent recruitment and overall economic performance the company.
The cannabis space is intended for international expansion – laws and regulations will be drafted in each country by choosing to legalize, decriminalize or implement a legalized form of medical marijuana. It is essential that women bring their diversity and perspectives to the rapid development of the current global policy.
The legalization of cannabis was born of pioneers willing to take risks and people of color have undoubtedly been disproportionately affected by the war on drugs. The management teams of these large companies are determined to determine what this sector should look like. The exclusion of women will have a huge opportunity cost for everyone. The simple fact that these large companies have not yet taken the fundamental decision to include an equal number of qualified women on their boards and management teams indicates Cannabis industry will tendbusiness as usual » until we commit ourselves and ask to change.
Whatever the size of this industry, this is just the beginning. Women leaders and directors have a positive impact on performance, staffing and decision-making. But, more importantly, they must be included in the general orientation of the national and international legalization policy. Before the cannabis industry becomes another negative gender statistics, it is time for companies, large and small, to commit to gender equality in leadership, development of management and overall employment.
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Because the legal market for the industry is new, cannabis companies have a unique opportunity to learn and grow through a variety of gender-based advice.Photo of Benjamin Child
With the recent announcement of the nearly $ 4 billion increase in Canopy Growth and most of the funding from Constellation Brands and institutional capital such as Merrill Lynch, the cannabis industry is now abruptly experiencing the power and depth of money.
The rise is a startling sum, representing nearly 40% of the North American cannabis economy, which is expected to impact both the North American cannabis market and the global cannabis economy. It will shape the legalization of cannabis across the planet.
The way that Canopy will depend on the deployment of the capital will depend on its management team to its board of directors, Canopy will decide which companies to acquire, the infrastructure for the architect and the overall type of the Cannabis industry for which to lobby – worldwide.
But there is a surprising and systemic problem: Canopy's board and leaders are all men. This group is positioned to have a significant impact on the appearance and development of the cannabis industry, perhaps permanently.
While it is difficult to determine which cannabis companies are, in fact, the most valuable, market capitalization can provide us with insights into which companies control the largest amount of capital in that space. The websites and investor information for Canopy and four other fully capitalized cannabis companies – Aurora, Aphria, Cronos and Terra Tech – show that Canopy Growth is not alone in the male-dominated mix.
Although this may change at any time, at the time of writing this article, there was only one woman among all the listed management teams and only three women board members:
- Aphria Inc.– market cap: 4.48 billion
- A woman on the board of directors, no woman in the management team
- Aurora Cannabis– market cap: 8.07 billion
- Two women on the board of directors, a woman in the management team
- Canopy growth– market cap: 11.28 billion
- No women on the board of directors or the management team
- The Canopy website lists a "management team" where three of the thirteen members of the management team are women.
- Cronos Group Inc.– market cap: 2.03 billion
- No women on the board of directors or the management team
- Terra Tech Corp.– market cap: 1.2 million
- No women on the board of directors or the management team
(Data from the board of directors and the management team were collected from the company's website Canopy Growth publishes a third category beyond the management team and the management team. board of directors, figures from the Canopy management team are included.)
This is obviously not a new phenomenon. The boards of directors of most publicly traded companies and management teams in the United States are predominantly male. Of the 3,000 largest companies listed in the United States:
- Only 18% board seats are held by women, of whom only 4% are chaired by a woman.
- Only 5% S & P 500 CEO positions are held by women.
Because the legal market of the industry is all new, cannabis companies have a unique opportunity to train and grow through diversified advice, research done by MSCI demonstrated that the increase in the number of women in boards of directors and management positions productivity of the workforce, diversity of staff, talent recruitment and overall economic performance the company.
The cannabis space is intended for international expansion – laws and regulations will be drafted in each country by choosing to legalize, decriminalize or implement a legalized form of medical marijuana. It is essential that women bring their diversity and perspectives to the rapid development of the current global policy.
The legalization of cannabis was born of pioneers willing to take risks and people of color have undoubtedly been disproportionately affected by the war on drugs. The management teams of these large companies are determined to determine what this sector should look like. The exclusion of women will have a huge opportunity cost for everyone. The simple fact that these large companies have not yet taken the fundamental decision to include an equal number of qualified women on their boards and management teams indicates Cannabis industry will tendbusiness as usual » until we commit ourselves and ask to change.
Whatever the size of this industry, this is just the beginning. Women leaders and directors have a positive impact on performance, staffing and decision-making. But, more importantly, they must be included in the general orientation of the national and international legalization policy. Before the cannabis industry becomes another negative gender statistics, it is time for companies, large and small, to commit to gender equality in leadership, development of management and overall employment.
