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BLACK ENTREPRENEURS WANT IN ON THE GREEN RUSH

Urban Marketing Group Staff

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Many entrepreneurs of color looking to enter the cannabis industry are being shut out. Although marijuana has been legalized in nine states and decriminalized in 13, the barriers to entry are higher for black people. In Maryland, for example, only one out of the 30 state-issued licenses to sell the substance was given to a black-owned firm. Enquiring business minds want to know more about how to grow and profit from it legally. That’s why at this year’s Entrepreneurs Summit, Hope Wiseman, co-founder of medical cannabis dispensary Mary and Main, will be sharing the ins and outs of what it takes to cash in on the “green rush.”

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How Could Initiative 77 Affect Eating Out In D.C.?

Urban Marketing Group Staff

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Partisans from all sides of the controversial ballot measure to phase out D.C.’s tipped minimum wage scrambled to respond the day after voters approved it.

The restaurant industry immediately started angling to overturn it. Business owners began figuring out how they could pay for the higher labor costs. And consumers wondered how it could affect their favorite restaurants — and their restaurant bill.

Here are some commonly asked questions about what comes next.

Am I going to pay more to dine out?

That’s possible. Initiative 77 will slowly phase out the subminimum wage that’s been standard in the city’s restaurant and bar industry for decades. Some establishments won’t be able to afford the increase in labor costs, and they may choose to pass that increase onto customers.

As Black Restaurant Group’s Jeff Black told the Washington Post, “You can’t afford to give somebody a 500 percent pay raise and not have it come from somewhere.” (The raise is closer to 350 percent, according to our calculations.)

Will tipping still be allowed?

Read all @ WAMU

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#BUYBLACK: TOP BLACK BUSINESSES YOU SHOULD SUPPORT

Urban Marketing Group Staff

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#BUYBLACK: TOP BLACK BUSINESSES YOU SHOULD SUPPORT

Keep the Black dollar in the community. Here are some poppin’ small businesses that deserve your support.

 

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Business News

Oprah’s Stake in Weight Watchers Balloons to $400 Million

Urban Marketing Group Staff

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Oprah Winfrey’s investment in Weight Watchers two and a half years ago is paying off.

The lifestyle company reported last week strong earnings and sales, as well as an increase in subscribers. The stock jumped 5 percent on Friday because of the news, CNN Money reports.

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