Cannabis is a $10 billion dollar industry, showing no signs of slowing down. In fact, it’s estimated that the legal marijuana market is expected to be worth $146.4 billion by 2025. As the industry grows, black people are being systemically blocked from access as a result of being targeted and stigmatized by the “war on drugs.” According to the ACLU, “of the 8.2 million marijuana arrests between 2001 and 2010, 88% were for simply having marijuana.”
African Americans are 375% more likely to be arrested for marijuana possession. The Cannaramic Online Summit is a five-day informational event designed to demystify and destigmatize cannabis for everyday people, and help change the tides in terms of access to the industry.
Summit co-founder Felicia Palmer spoke with BLACK ENTERPRISE about her transition from the media industry to the cannabis industry, and why the work is so important.