New cannabis coworking space in Santa Ana aims to boost industry access, diversity

Anyone with experience in the legal cannabis industry will tell you that, given the steep regulatory costs, it typically takes north of $1 million to open a marijuana business in California.

And with cannabis still illegal under federal law, it’s also notoriously hard for industry entrepreneurs — and particularly entrepreneurs of color — to borrow money to cover those startup costs.

Those two factors are behind another often-quoted industry statistic: an estimated 81% of marijuana business owners are white.

Read the rest of this story on