Home Personal Finance Marijuana Stocks and The Cannabis Economy: The 411 on 420

Marijuana Stocks and The Cannabis Economy: The 411 on 420

The new realities of our new economic relationship with marijuana

A few years ago, I did some reporting on the cannabis industry for Black EnterpriseColorado had just become the first state to legalize marijuana, and the reality that it was going to become a significant player in local economics for many states, a rock star of the investment community, and an entrepreneurial pursuit for many, made it imperative that I armed my audiences with as much information as possible. Code word 4/20 for smoking marijuana comes from April 20th—a day of celebration among cannabis enthusiasts.

Marijuana’s Move into the Mainstream Economy

Of course, there is always backlash in any effort to inform regarding the controversial plant, but since that time, marijuana’s move into the mainstream economy cannot be denied. A recent survey found that 1 in 8 adults are avid marijuana users. Just 10 years ago, marijuana was illegal across the United States. Today 35 states plus the District of Columbia have laws legalizing marijuana in some form—although federally cannabis use remails illegal. During the 2020 election New Jersey, Arizona, South Dakota, and Montana became the newest states to legalize marijuana. Cannabis is big business.

The dynamic trio: Safon Floyd, Siritia Wright, and Kali Wilder, are the founders of EstroHaze, a multimedia company that highlights the businesses and lifestyles of multicultural women in the cannabis industry. Check out these green entrepreneurs talk about their journey as businesswomen, challenges, and tips during this Wealth Wednesday’s with Angela Yee and Stacey Tisdale.

Stacey Tisdale
Stacey Tisdale
Founder, CEO, Executive Producer

Stacey Tisdale, a more than 20-year veteran TV broadcast financial journalist, and financial behavior expert, is one of the first women, and the first African-American to report from the New York Stock Exchange, in her role as a reporter/anchor for Dow Jones' Emmy Award-winning, Wall Street Journal Television.

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