According to a survey conducted by Marijuana Business Daily in 2017, less than 3% of licensed cannabis businesses in the U.S. are majority Black-owned. This staggering inequality in wealth-generating business ownership is especially striking in light of another inequity: Black people have been arrested at almost four times the rate of White people for cannabis possession despite similar consumption rates across all races, as reported by the ACLU in 2013. ACLU’s follow-up study in 2020 found the disparate arrest rate across the U.S. remained largely the same even after nearly half of U.S. states had legalized in some form. Cannabis criminalization has been an insidiously effective tool to ensnare Black families in a web of detrimental impacts stemming from criminal justice system interactions, including significant decline in Black household wealth. Black households hold less than 10% of the wealth owned by White households and Black median household wealth is projected to average zero by 2053. Entrepreneurship is a powerful tool that can reverse this trend and create wealth equity. A study by the Ewing Marion Kauffman Foundation found the average net worth of entrepreneur households was more than twice that of households owned by non-entrepreneurs. The wealth-generating potential of the cannabis industry should be equitably accessible to everyone.