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Hope Wiseman is the Youngest Black Dispensary Owner in The USA

Urban Marketing Group Staff

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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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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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