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.
READ MORE: Three early morning shootings leave one dead and two injured
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%.
READ MORE: Maryland Weather: A Hot Saturday with Potential Rain
“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.
NO MORE NEWS: Ever Forward could be stuck in the bay for more than a week as officials plan a delicate operation to refloat it
The fund is available to people in Maryland, Pennsylvania, Virginia, New Jersey, Massachusetts, Florida, Michigan, Missouri, Illinois, and Ohio.