Women like Lori Glauser, CEO and co-founder of Evio Inc. (OTCPK:EVIO), are fighting to drive change.
A Tough Endeavor
Being a woman in the cannabis industry is hard. And being a female cannabis lab owner is even harder.
"A lot of people will open a lab and recognize that the capital required and the regulatory requirements are very high," Glauser said. This means many businesses are not making it past the three-to-five-year mark.
In addition, raising capital for female-owned companies often means preparing and presenting a pristine balance sheet alongside an infallible business strategy – something many males are not required to do.
Glauser also thinks there is a bias towards men.
"There might be questions in the investor's mind about whether the woman could do as good a job as a man," she said.
And this bias is particularly prominent in pitch competitions. In fact, some Wall Street-oriented conferences and events "hire atmosphere models to kind of mix it up a little bit at the after-party," she said.
Women And The Two-Dimensional World Of Pandemic
With the rise of virtual conferences over the last year, women are deprived of the opportunity to "show up and be in the room" and "prove yourself," Emily …