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Hope Wiseman is the Youngest Black Dispensary Owner in The USA

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WAGS Atlanta, Dispensary Owner, Hope Wiseman (Image: Instagram)
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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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Terrell Owens, Ricky Williams Among Founding Owners of Freedom Football League

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Football fans craving pigskin in the spring will have their answer thanks to a number of former NFL players.

Former NFL running back Ricky Williams announced Thursday on ESPN’s Outside the Lines that he is one of the founders of the Freedom Football League, per Field Yates of ESPN. Williams is joined by fellow founders Terrell Owens, Simeon Rice and Mike Alstott, among others.

The league will play during the spring as to avoid competing against the NFL and collegiate football in the fall.

According to ESPN.com, there will be 10 teams when the league starts—the San Diego Warriors, Oklahoma City Power, Portland Progress, Texas Revolution, Ohio Players, Florida Strong, Birmingham Kings, St. Louis Independence, Connecticut Underground and Oakland Panthers—with the chance for eventual expansion if it succeeds.

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BLACK ENTERPRISE UNVEILS NATION’S LARGEST BLACK-OWNED BUSINESSES FOR 2018

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In many ways, 2017 proved to be both triumphant and bumpy for the nation’s largest black-owned businesses.

Several companies on this year’s BE 100s had robust revenue growth. Others struggled with increased competition, customer retention, and setting themselves apart from larger mainstream rivals. Most still possess resourcefulness, creativity, and other resilient qualities. As such, they have developed the rare entrepreneurial drive to succeed in an uncertain business climate.

There were significant shifts, however: Coca-Cola Beverages Florida L.L.C. became a new billion-dollar revenue addition to the Top 100 rankings. And on the BE BANKS list, OneUnited Bank edged out Carver Federal Savings as the nation’s largest African American banking institution.

To find out the firms that comprise this year’s BE 100s—America’s largest black businesses across industrial/service, automotive and financial services sectors—you will find our series of lists and summaries of their performance here. This article represents a series of reports on how the BE 100s have fared in each industry. Our Annual Report on Black Business begins with a review of the leading black-owned businesses among industrial and service firms.

Read more at Black Enterprise by Jeffrey McKinney

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Nike Nearly Dropped Colin Kaepernick Before Embracing Him

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Nearly a month after Colin Kaepernick was revealed as the face of Nike’s groundbreaking new advertising campaign, the unveiling videohas garnered more than 80 million views on Twitter, Instagram and YouTube.

The ads have sent Kaepernick into a new realm of celebrity, quickly becoming among the most talked-about and successful campaigns in recent years. And they have allowed Nike, which has a history of provocative marketing campaigns, to capitalize on the so-called Resistance movement in a way it only recently realized it could.

They are also yet another vehicle for Kaepernick to raise his own profile as a sort of civil rights entrepreneur unlike anyone before has, certainly in sports. He has signed deals to write a book — which is set to be published next year and will be accompanied by a speaking tour — and to develop a comedy series.

But it almost didn’t happen. In the summer of 2017, a debate raged in Nike’s headquarters in Beaverton, Ore., over whether to cut loose the controversial, unemployed quarterback — and the company very nearly did, according to two individuals with knowledge of the discussions who requested anonymity because of nondisclosure agreements each has with Nike.

When the company did decide to embrace the former San Francisco 49ers quarterback, it risked angering the National Football League, a Nike partner since 2012, but the company ultimately decided it was a risk worth taking, given the credibility the company would gain with the young, urban market it has long targeted.

Kaepernick ignited a national discourse in 2016 when he began kneeling during the playing of the national anthem before games to protest racism, social inequality and police brutality. He left the 49ers after the 2016 season and became a free agent, but executives throughout the N.F.L. considered him radioactive because of his on-field protests, which drew vocal criticism from President Trump, and no team signed him.

That left Nike’s sports marketing group flummoxed. There seemed to be little they could do with a lightning-rod professional football player who was not playing football.

Read more at The New York Times

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