The cannabis industry is quickly becoming a magnet for female entrepreneurs.

Medical or recreational marijuana is legal in 23 states and the District of Columbia. As legalization has increased, so have sales.

In 2013, the industry was at $1.8 billion. In 2015, it was estimated at $5.4 billion (accounting for evolving business models), according to the ArcView Group, a cannabis-focused investment and research firm.

"The cannabis industry is so new that there are very few barriers to get in, especially for women," said Giadha DeCarcer, CEO and founder of New Frontier, which provides data analysis for the marijuana industry.

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Parija Kavilanz ~ CNN Money ~