Renee Gagnon, pioneering trans CEO, takes cannabis to new heights

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Like so many, Renee Gagnon took her first batch of weeds as a teenager. She had just moved to the Canadian province of British Columbia, an area known for growing the plant. She was a fan but never thought she would get into marijuana professionally. Instead, she “got dragged into the internet and dotcoms, and has built a slew of startups,” says Gagnon. During this time she also learned hydroponics as a hobby.

Canada legalized medical marijuana in 2001, but it wasn’t until 2012 when the country began changing its regulations from a homemade model for personal use to a model for commercial growers that Gagnon joined the ranks of cannabis professionals.

“I had waited all my damn life for a legal opportunity to attend where I have government protection and permission,” she says. When the Canadian government announced within four hours of the press release that it would accept proposals to commercialize medical marijuana, Gagnon faxed a business plan.

A few years later, she was at the forefront of the medical cannabis industry in Canada. Her company, Thunderbird Biomedical Inc. (now Emerald Health), was British Columbia’s first public cannabis company.

Up until that point, Gagnon was still presenting himself as a man and filling persistent gender sentiments so successfully that she admits, “My therapist and I were both shocked when we concluded I was trans. When that realization came, it was the end of the old and the beginning of [the] Question mark.”

If Gagnon was surprised by the recognition of her true gender, the news was shocking – and undesirable – to others.

“My spouse didn’t take it very well, as spouses often don’t,” she says. “She passed me on to my friends and family and created a situation in her place of anger and pain that made me come out on Facebook.”

Her company’s conservative board of directors was made up entirely of “old, all-white men,” and the financial industry was worse. Hence, Gagnon made the difficult decision to step down from her leadership role in the company.

What could have been a very isolating and alienating experience, Gagnon introduced to a whole new community, Women Grow, a group of women in the cannabis industry that numbered around 3,500 people at the time.

“In the men’s community it was ‘We don’t want you here, you’re bringing us all down.’ Women said, “How did you do it? You ran a billion dollar company, didn’t you?” Gagnon recalls. “Suddenly I was valuable, I was valued. I was suddenly respected and my advice was sought.”

Some of the women weren’t exactly warm to her, but when it came to doing business she was right where she needed to be. “We could talk about the business and nothing had changed,” she says. She was also able to confirm the feelings of the other women that they were denied a seat at the table because of their gender.

Gagnon says she was able to tell the professionals at Women Grow how much gender has played a role in traditional business success. “Because I had spent 48 years on one side of the fence, I was able to tell them with conclusive evidence, ‘It is deliberately held against you.'”

Before she came out as a transgender, Gagnon sat at the head of the table; then she had pulled her seat out from under her. Now she wants it back and she wants to bring as many women as possible.

Gagnon knows that US state cannabis laws are small fish. She is waiting for national legalization and she tells that to every woman who listens. “The reality is, when the government hands out the licenses, you want to get one of them. That’s what you’re working towards, ”she says. “That’s long-term planning, that’s strategy. That sustains the gradual growth on a small scale. “

She also wants women to learn as much as possible. While she knows that men can continue to dominate boardrooms and business deals, “no one could block [women] from learning about GMP – good manufacturing processes. Things like how you document, how you control what people do, how you make callbacks, all that documentation and understanding … about technology, about process and control. It was something they could learn for themselves, read books, take courses, and they would be armed and ready for federal legalization. “

Gagnon adds, “You will learn about packaging, labeling and everything related to the waistband. The state material will eventually be a backend. None of the states will have a say in the outcome. So unless you study the government, learn how to make a product, how to make it in certain environments and in certain ways with certain papers, it is game over. “

She believes women are uniquely positioned to work in an industry on the verge of regulation.

“When I’m in the regulated space, I don’t want tail-wagging, risky, testosterone-fueled executives to make decisions,” jokes Gagnon. “I actually want sober women who know that this has consequences. Because women have an extra penalty for stepping out of line …[they] learn how to follow rules without asking why, ”she says. “Women know that everything has consequences.”

In the world of corporate competition, privilege can be a disadvantage, Gagnon believes. “The system encourages bold, lazy, sluggish business activity,” she argues. “But women don’t have that luxury. They work with less, they have greater consequences. From an economic point of view, I think that equity and diversity are corporate security. They protect your organization from fire and degrade your organization. “

Now that she has found her true self and community, Gagnon can’t help but be optimistic.

“Now is the time for queer people to meet companies as queer people and turn them into their values [own] Company visible, ”she says. “Let investors leave the dollars behind. People are doing this now. And be proud, stand out, and speak out about your values. Let the capital decide if this is an added value. There are so many niche investors online … they want to see people with color, they want to see the LGBTQ + community and that’s where they want to park their money … This is one of the best times I’ve ever seen in my life [entrepreneurial] Dreams come true.”