Top executives at the largest publicly traded U.S. marijuana companies each received up to $2.6 million in salary and bonuses in fiscal 2021, with stock and option awards boosting total individual compensation to as much as $16 million, according to regulatory filings.
Seven CEOs at these multistate marijuana operators topped the $4 million mark in total compensation in 2021, compared with just one during the previous fiscal year.
Six out of seven are white men, and the seventh is a white woman.
Contrast bloated salaries to these statistics: According to the ACLU’s original analysis, marijuana arrests now account for over half of all drug arrests in the United States. Of the 8.2 million marijuana arrests between 2001 and 2010, 88% were for simply having marijuana. Nationwide, the arrest data revealed one consistent trend: significant racial bias. Despite roughly equal usage rates, Blacks are 3.73 times more likely than whites to be arrested for marijuana.
Pakaloh is a women of color led startup based in Los Angeles. We are the free business platform for the cannabis industry. Pakaloh provides access to exclusive resources to empower women, minority, and first-time entrepreneurs into the cannabis space.