Parallel CEO Pledges Support for Industry Equity
Background information:
In an open letter to the industry published on Tuesday, the CEO of cannabis multistate operator Parallel pledged to support fundamental changes in the industry to improve equity in the space.
As a business owner, you know how important it is to have the support of your peers. That’s why I’m proud to announce that Parallel CEO has pledged its support for industry equity. We believe that all businesses should be given an equal chance to succeed, and we’re committed to doing our part to make that happen. We encourage all business owners to join us in this effort, and together we can make a real difference. Thank you for your continued support.
James Whitcomb, CEO of multistate cannabis operator Parallel, published an open letter today decrying systemic inequities in the cannabis industry and pledging to support fundamental changes to make the industry more equitable. The letter highlights a failure by Parallel and other multistate operators (MSOs) to honor the “social responsibility” that comes with operating in the cannabis industry.
Social Equity Elements
1. What is social equity in the cannabis industry and why is it important
2. How can the cannabis industry create social equity
3. What are some challenges faced by the cannabis industry in terms of social equity
4. How can we work to create a more equitable cannabis industry
– Parallel CEO Recognizes Economic Barriers Faced by Minority Communities
Whitcomb’s letter has caused a stir in the cannabis industry, with many people expressing appreciation for his frankness and commitment to making changes. Whitcomb outlines several systemic inequities that exist within this multistate operator-based economic system as well as how it fails communities of color disproportionately targeted by law enforcement towards disproportionate rates than white people who use drugs (especially opioids).
James Whitcomb, CEO of the multistate cannabis operator Parallel and others have written an open letter today decrying systemic inequities in this industry. They pledge support for fundamental changes that would make it more equitable as they recognize its importance among tireless advocacy work alongside ongoing racist victimization against disenfranchised communities who are disproportionately affected by drug-related persecution.”
Extracted from the latest CLN Podcast with Miggy420: https://youtu.be/XKsSYqDnIcM
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