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Hope Wiseman is the Youngest Black Dispensary Owner in The USA

Jae Alan

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WAGS Atlanta, Dispensary Owner, Hope Wiseman (Image: Instagram)

Wiseman started the business with her mother, Dr. Octavia Simkins-Wiseman, and co-founders, Dr. Larry Bryant and Dexter Parker. Admittedly, she and her mother didn’t know too much about the industry but, what she did know was, there was a real market opportunity. The two brought on additional co-founders to help tackle the feat. 

Mary and Main co-founders (Image: Instagram)

Mary and Main co-founders (Image: Instagram)

 

Recently, while chatting with publication EstroHaze, Wiseman stated that it took about three years to obtain the license for the dispensary. Due to her background in finance, she was able to obtain the seed capital to get the company off the ground. “I exhausted all of my contacts and was able to raise money, plus my group [self-funded] a lot of it. We were able to get funding from a bank as well, which is very unique in this industry,” Wiseman told EstroHaze.

She has a few suggestions for people interested in getting into the cannabis business. One, check out the rules and regulations for your state because each state’s laws differ heavily. Additionally, consider starting an ancillary company. There will be fewer regulations and financial obligations. This will allow you to build up your network and stack up money without putting forth too many resources.

According to Wiseman, this will not be your typical dispensary. They will host classes to educate their patients about making money specifically in the cannabis industry. “We’ll provide educational events like Cannabis 101 and events about the business side. A passion of mine is encouraging millennials and minorities to get into the industry. Organizations that we are partnered with, like Women Grow, can hold events in our facility as well. We’d like it to be a hub for cannabis education and networking events,” Wiseman stated to EstroHaze.

Read more @ Black Enterprise

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Business News

As More Shoppers Go Online, D.C. Retailers Face A Choice: Evolve Or Go Extinct

Jae Alan

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Retail in Washington DC story by Ally Schweitzer
Julie Egermayer owns “Violet”, a women’s clothing store, in an upscale mixed-use building off U Street NW. It is in a pop up space right now following the failure of her store location in Georgetown.

Not long ago, Chevy Chase boutique owner Susanne McLean began to notice a change in her customers’ behavior. Instead the usual browsing or buying, some people were starting to treat her shop like a showroom.

“A customer will come in, and we’ll help them for 30 minutes, fitting a pair of shoes. Then, they’ll take out their cell phone camera and take a picture,” said McLean, who has owned clothing and home-goods store Catch Can for nearly 30 years. “Then they’ll go home and order the shoes online.”

Browsing in person and buying online is the kind of “new normal” feared by small shop owners, especially those that specialize in apparel, furniture and other merchandise easily purchased on the internet. As mall anchors and chains shutter across the country — spurring headlines about a retail apocalypse — some predict local mom-and-pops are succumbing to the same fate.

Read full story HERE

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Business News

IS 2018 THE YEAR YOU BECOME A FRANCHISE ENTREPRENEUR?

Jae Alan

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Happy New Year!  One of the top questions I was asked in 2017 is should I go the startup route or purchase a franchise, so I thought I’d start out 2018 addressing that. The first step is to determine if you would make a good entrepreneur, and then consider if franchising is the right path to becoming a business owner. Sixty-five percent of Americans want to be their own boss. Let’s face it, a lot of us think we’re smarter than our bosses, so being our own boss is a natural desire. An entrepreneur is defined as:

  • “One who pursues opportunity beyond the resources currently controlled”
  • “A person who sees an opportunity and creates an organization to pursue it”
  • “A dreamer who attempts to turn an idea into a profitable reality”
  • “Anyone who assumes the risk and responsibility for starting and managing a business”
  • “Anyone who takes the risk of starting a business for the purpose of making a profit”

Read full story @ Black Enterprise

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ESSENCE MAGAZINE HISTORY TIMELINE

Jae Alan

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Black Enterprise has chronicled the journey of Essence Magazine before the first issue launched in May of 1970. Click through the below slideshow to view the timeline of this iconic brand….

@ Black Enterprise

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