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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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Digital African American consumers drive change

Urban Marketing Group Staff

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NEW YORK: Digital savvy African American consumers have embraced technology to such an extent that they are having an unprecedented impact on the economy, culture and wider society, a new study suggests.

According to research firm Nielsen, African Americans participate more than other ethnic groups in the US when it comes to video and audio streaming, gaming and smartphone ownership.

In addition, they over-index against non-Hispanic white Americans for spend per capita on a variety of grocery and non-grocery categories, as well as enjoying learning or reading about technology or electronic products.

The Nielsen report, entitled From Consumers to Creators: The Digital Lives of Black Consumers, forms part of the company’s ongoing Diverse Intelligence Series, which focuses on the digital lives of multicultural consumers.

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Some top tips for female entrepreneurs

Urban Marketing Group Staff

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If you’re a female entrepreneur, ActOne Group CEO Janice Bryant Howroyd has some advice on how to succeed for you.

“Be where you say you’re going to be when you’re going to be, but most importantly how you’re going to be,” she said on Wednesday during an interview with FOX Business’ Maria Bartiromo.

Howroyd, whose company operates within 22 countries and employs more than 2,600 people worldwide, urged women — and male entrepreneurs, too — to use their own natural energy to connect with people in an age of technology and artificial intelligence.

“Don’t see it as competing for your workforce, see it as being cooperative with it,” she said.

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BLACK ENTERPRISE Publishes Exclusive Registry of African Americans on Corporate Boards

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NEW YORKSept. 12, 2018 /PRNewswire/ — BLACK ENTERPRISE (BE) has released its latest exclusive report on African American representation on the corporate boards of 500 of America’s largest publicly traded companies today at BlackEnterprise.com. The media company identifies 308 African American directors at S&P 500 companies, including JPMorgan Chase & Co., Prudential Financial Inc., ExxonMobil, and FedEx Corp., on the BLACK ENTERPRISE Registry of Corporate Directors. In addition, the report reveals 184 companies with no African American representation among their boards of directors.

BLACK ENTERPRISE’S report spotlights prominent African American directors including Estée Lauder Cos. Inc. EVP and CFO Tracey T. Travis, who serves on the board of Accenture PLC, and Adtalem Global Education Inc.’s President and CEO Lisa W. Wardell, who serves on the board of Lowe’s Cos. Inc.

“It’s been six years since we began producing our annual report on boardroom power, representing our scorecard on diversity at the highest levels of corporate America,” said Earl “Butch” Graves Jr., CEO and president of BLACK ENTERPRISE. “As such, we present the Black Enterprise Registry of Corporate Directors—our exclusive bench, if you will, of power hitters who sit on the boards of the nation’s largest publicly traded corporations.”

The registry is drawn from the S&P 500 based on market capitalization as of May 4th, 2018BLACK ENTERPRISEcompiled the listing by reviewing proxy statements and annual reports, as well as contacting investor relations departments, corporate governance experts, and organizations such as the Black Corporate Directors Conference and the Executive Leadership Council (ELC); the latter is a network of the nation’s most highly ranked African American corporate executives.

For the complete list and the full report of “Power in the Boardroom,” pick up the July/August issue of BLACK ENTERPRISE magazine.

BLACK ENTERPRISEyour ultimate source to build Wealth for Life, is the premier business, investing, and wealth-building resource for African Americans. Since 1970, BE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Every month, BLACK ENTERPRISE magazine provides 6 million readers with information on entrepreneurship, careers, and financial management. A multimedia company, BE also produces television programming, business and lifestyle events, Web content, and digital media. Visit www.blackenterprise.com for more information.

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