Local cannabis business owner bids to bring diversity to booming industry – CBS Baltimore

TIMONIUM, Md. (WJZ) — Wendy Bronfein hopes to pave the way for more women to lead the booming medical cannabis industry.

“The medical cannabis industry is a ripe place for female participation,” she said.

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Bronfein is the co-founder of Curio Wellness, a medical cannabis company based in Timonium. Her company launched the Curio Investment Fund, which provides $30 million in capital funding to women, minorities and disabled veterans to open their own Curio Wellness franchise.

“What we’ve done is create an investment fund to allow the diversity of this industry to grow,” Bronfein said.

A MJBizDaily Report 2021 found that the representation of female executives in the cannabis industry is around 22%.

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“The fund was really designed around this need to increase the number of business owners within the cannabis industry who come from diverse backgrounds that reflect the broader community that the cannabis market serves,” said said Jerel Register, managing director of the fund for Curio Wellness.

The fund will invest in up to 50 entrepreneurs who wish to open a Curio franchise, known as Far and Dotter.

“We are opening up the opportunity for women, BIPOCs and veterans with disabilities to have more meaningful access to owning and operating their own business,” Bronfein said.

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The fund is available to people in Maryland, Pennsylvania, Virginia, New Jersey, Massachusetts, Florida, Michigan, Missouri, Illinois, and Ohio.