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Business / California News / Featured News / santa ana

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


Published: Aug 6, 2020, 8:26 am • Updated: Aug 6, 2020, 8:29 am By Brooke Staggs

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.
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