According to their website, NinetyToZero estimates that closing the racial wealth gap could increase U.S. economic growth by $1.5 trillion over the next decade. Research from Duke University puts the wealth gap between Black and White Americans at between $11 trillion and $13.5 trillion.
American Express, The Washington Football Team, the United Way of New York and cannabis company Green Thumb Industries have also joined the organization as partners. Green Thumb plans to help empower minorities in the cannabis business as states start to decriminalize the plant.
“Green Thumb is proud to be the first cannabis company to walk the walk in our commitment to closing the racial wealth gap that has been exacerbated by the failed ‘war on drugs.’ Black Americans are 3.6 times more likely to be arrested for marijuana infractions than White Americans, and over 40,000 cannabis prisoners are still incarcerated while regulated companies continue to grow and thrive,” said Ben Kovler, founder, chairman and CEO of Green Thumb Industries to CNBC.
More information on the nonprofit and how to close the wealth gap can be found at www. ninetytozero.org.
