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[CANCELED] Getting Black People Into The Legal Marijuana Industry
November 24, 2019 @ 6:00 pm - November 25, 2019 @ 7:30 pm
There will be two events in South Florida. The agenda is the same for each event. Please purchase a ticket for the event that best suits your schedule
Event 1 – Sunday November 24th @ 6-7:30pm, Ft Lauderdale Florida
Event 2 – Monday November 25th @7-8:30pm, North Miami Florida
- The history of marijuana legalization
- The opportunities for wealth building that legal marijuana presents
- The barriers to entry for black people
- ReUP’s strategy for getting black people into the legal marijuana industry
Black Americans have been systematically shut out of wealth building opportunities, resulting in large income and socioeconomic disparities. Our company ReUP has identified a path forward that we believe is powerful and doable–passive fractional investing and collective ownership in legal cannabis aka “The Do-It-Together” approach. Fractional investing is when like-minded investors pool their money together to purchase an ownership stake in companies or assets. Black people collectively investing in marijuana allows for both macro- and micro-investments from our community, giving thousands and potentially millions of us the opportunity to benefit from the legal production of marijuana, CBD, and hemp products. The legal cannabis industry is an opportunity for massive black economic development which is an integral part of racial and social justice.
The vast majority of black people simply cannot afford to enter the legal marijuana industry on their own. Some states have gone as far as banning people with drug related felony or misdemeanor convictions from obtaining licenses.
There are some black entrepreneurs who have acquired a license and entered the industry. But due to how difficult it is to survive, most cannabis businesses only last 1-3 years.
All of this means that the growing multi-billion dollar cannabis industry has taken off at lightning speed, helping those who are already rich get richer, while locking black people out of this massive wealth building opportunity.
We want black people to join us in breaking into the cannabis industry. This way, we can get in on the crop they will not share and have a real shot at bridging the racial wealth gap.