177_ BIPOCann Leads the Way for Business Incubators
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Show Notes
Ernest Toney joins us today. He is the founder of BIPOCANN, a Colorado-based nonprofit that provides business guidance to social equity entrepreneurs looking to start and scale cannabis businesses.
According to a survey released by economist Beau Whitney, only 27.3 percent of U.S. cannabis businesses are profitable. Another 40.6 percent are breaking even, while 32.2 percent are operating at a loss. Those profitability gaps are even more pronounced along racial lines: 33.7 percent of white-owned cannabis businesses reported being profitable, compared to just 17.5 percent of non-white-owned operators.
Ernest Toney is working to change those numbers by offering mentorship and incubator-style programs designed to give new entrepreneurs a real leg up in the industry.
Join me to learn more about the good things Ernest is doing with the BiPocann mentorship program.
https://bipocann.com/
The Innovating Cannabis podcast is produced and hosted by Pam Chmiel, a freelance writer and editor for the Cannabis Industry Journal.
Get in touch with [email protected].
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