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Home 🌿 Marijuana Business News 🌿 The Women Hoping to Become New York’s Pot Moguls 🌿

The Women Hoping to Become New York’s Pot Moguls

Submitted by Marijuana News on Tue, 07/07/2015 - 10:21

Last year, whenever women asked Jazmin Hupp about starting a medical-marijuana business in New York, she responded with a question: “Do you have a million dollars?” Hupp is the founder of Women Grow, a professional network for women with marijuana businesses, and she's used to helping others get their start in a male-dominated industry. New York, however, was especially daunting. The state was licensing only five companies to participate in its medical-marijuana program, and each would be required to grow its own marijuana, process the flowers into a pill or oil at a manufacturing plant, and then sell the final product at four dispensaries around the state. The costs of vertical integration are enormous, and it is historically more difficult for women to raise capital than men. None of the women who called Hupp had the funding they needed — until Amy Peckham and her daughters Hillary and Keeley called...

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URL: 
http://nymag.com/thecut/2015/07/women-hoping-to-become-nys-pot-moguls.html

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