TIMONIUM, Md. (WJZ) – Wendy Bronfein hopes to pave the way for more women to take the lead in the booming medical marijuana industry.
“The medical cannabis industry is a place ripe for female participation,” she said.
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Bronfein is the co-founder of Curio Wellness, a medical marijuana company based in Timonium. Her business founded the Curio Investment Fund, which is providing $30 million in funding to women, minorities, and disabled veterans to open their own Curio Wellness franchise location.
“What we did was create an investment fund to allow the diversity of this industry to expand,” said Bronfein.
ONE MJBizDaily Report in 2021 found that the percentage of executive representation by women in the cannabis business is around 22%.
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“The fund was really designed with this need in mind to increase the number of business owners in the cannabis industry from diverse backgrounds that reflect the community,” said Jerel Registre, Fund Executive Director of Curio Wellness. broader that the cannabis market serves.
The fund will invest in up to 50 entrepreneurs who want to open a Curio franchise location, called Far & Dotter.
“We are opening up opportunities for women, BIPOC and veterans with disabilities to have more meaningful access to owning and running their own businesses,” said Bronfein.
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Funds are available to people in Maryland, Pennsylvania, Virginia, New Jersey, Massachusetts, Florida, Michigan, Missouri, Illinois, and Ohio.
https://baltimore.cbslocal.com/2022/03/18/local-cannabis-business-owner-makes-bid-to-bring-diversity-to-booming-industry/ Local cannabis business owner bids to bring diversity to booming industry – CBS Baltimore