*By 2022, CBD will be among the largest billion-dollar industries in the world. But, to this day, many people of color have found it extremely difficult to break into the booming marketplace.
One entrepreneur, however, has succeeded against the odds and become the only black woman in the state of Georgia to own a CBD company (non-affiliate), and one of only a handful in the entire country. Her name is Jacquece Jennings.
Jennings owns Nuleaf #1, a premium CBD store based in Roswell, GA that specializes in organic and vegan CBD products. Visitors can find everything from CBD pain cream, edibles, tinctures/oils, pet products, water solubles, and skincare applicants. Nuleaf #1 is a one-stop-shop with premium grades products that are grown in the U.S.
The question is, how has Jennings been able to achieve what others seeking entry into the CBD industry have been unable to? Well, her answer is quite simple.
“God,” said the former military vet and corporate leader. “I knew I didn’t want to work a regular job, but had no idea I was going to be doing this. At first, I thought I would have a dispensary or something, but that’s why you have to pay attention to your journey.”
Speaking of journeys, the Atlanta native came from humble beginnings with her single mother and two brothers. Unlike many of her peers, she stayed away from the streets and out of trouble, instead focusing on school and her love for reading. She possessed a fierce desire at a young age to overcome her circumstances and chart her course to a successful life. By age 15 she was already working and making money, unknowingly cementing her independence and ability to be self-sufficient. That is where her entrepreneurial spirit was born.
After Jennings served her military term, she entered corporate America. During those years, though, she endured frequent bouts with depression.
“In the military, I experienced a great deal of ups and downs. I was so confused and stressed out about the direction my life was headed. At one point, I experienced a dark moment of depression,” she said. “I remember waking up at 5 a.m. every morning and working extremely long shifts. Some days I would just go to my room and cry myself to sleep to wake up to an entire new day. My body was shutting down and life was passing me by. Until, one day, I decided I had enough. I looked at myself in the mirror and said if you don’t get it together, you are going to end up as another lost soul.”
Little did she know, the personal setbacks would lead to a major set-up.
After leaving the service, Jennings joined a company in Seattle and rapidly climbed the corporate ranks. Despite earning a lot of money and making many connections, she still wasn’t fulfilled. However, the stage was set. While working, she travelled and had the opportunity to learn about the medicinal industry and how CBD was helping to save lives all around the world. She spent time on farms, met doctors and connected with leaders in the CBD business. She was planting seeds everywhere she went.
“I saw that these people were making like $500,000 a month,” Jennings said. So much money, but the kicker was the benefits of CBD and how it heals people.”
In 2015, Jennings went to a routine eye exam where she discovered something was wrong with the pressure in her eyes and was sent to do an MRI. Once her lab results came back, she was told she had a pituitary gland tumor. The discovery only intensified her desire to learn more about CBD. She studied relentlessly and became an expert. When CBD was legalized in 2018, she was so excited that she took the leap to launch her own business. Jennings sought partners to join her in the endeavor, but out of fear, or misperceptions about CBD, they refused. So, she pressed on without them, securing her licenses and funding everything herself. Today, she is happy she did. She is a rising star in the field.
“I did not know that my personal health issue and my prior experiences would connect years later for me to be able to go back to my old contacts, cut out the middle man and launch my own business,” she said. “All that reading and research I had done in the past had paid off.”
CBD has been a blessing to Jennings and her family. Due to its healing powers, her tumor, while still there, is small and non-cancerous. She uses CBD to overcome anxiety and pain.
“CBD is so powerful and I wish everyone could experience it for themselves. Those working corporate jobs who are always busy and multi-tasking, it helps them to stay focused, she said. “You even have kids in school who take CBD because they have anxiety or are depressed. CBD is life-changing and I am on a mission to build awareness.”
As Nuleaf #1 continues to thrive, Jennings plans to create a partnership program allowing the opening of several more Nuleaf #1 stores. Additionally, she will use her passion for motivational speaking and life coaching to inspire and uplift and support people across the country who are in need of healing.
“I want to be the person who gives people the most knowledge so they can truly see the authenticity of our products. I also want to uplift and inspire others to be their best selves, mind body and soul.” She said, this is my calling.”
To connect with Jacquece Jennings on social media, follow her on Instagram at @iamjacquecejennings. For more on Nuleaf #1 and CBD, visit the company website at www.nuleafone.com, or follow on Facebook and Instagram at @nuleaf.1
Black Billionaire (Robert Smith) Has to Pay Back $140M After Admitting to Tax Evasion / VIDEO
*Robert Smith, the richest Black person in America, will have to give a hefty amount of his wealth back to the IRS.
According to reports, the amount is almost $140 million based on tax evasion tactics that Smith has admitted to using after he was exposed following a four-year U.S. tax investigation by The Department of Justice and the Internal Revenue Services. Smith, 57, has been cooperative with the two powerful government agencies.
Forbes magazine recently published on its online platform that Smith avoided prosecution because he agreed to cooperate in a case against Houston businessman Robert Brockman, who has been accused of using a number of entities in the Caribbean to hide $2 billion in income.
For his own part, Smith is not running away from the wrongdoing of evading taxes. He said over a three-year period, he failed to file accurate reports of foreign bank and financial accounts, known as FBARs.
Smith , who is CEO of the private equity firm Vista Equity Partners based in Texas, has been called a brilliant businessman, chemical engineer, and investor. His net worth has been estimated at $7 billion.
For the most part, Smith has been flying under the radar because his name was not a household name, per se. Yet, he was picked up by public radar in 2019, when he gave the commencement speech at Morehouse College in Atlanta. During the speech, he shocked all in attendance, especially the college’s graduating class, when he promised to pay off each graduate’s student loan debt. It was estimated to total $34 million.
Al Harrington & ‘Smoke: Marijuana + Black America’ (EUR Exclusive/Watch)
*This week BET rolls out “Smoke: Marijuana + Black America,” narrated and executive-produced by Nasir “Nas” Jones.
The original documentary, examines marijuana’s cultural, social, economic and legal impact on American society and the Black community. Told through the lens of aficionados, policymakers, advocates and innovators in the booming legal cannabis industry. EUR correspondent Fahnia Thomas spoke with former NBA player and cannabis investor Al Harrington about Viola, Harris and Mary Jane.
FT: Why did you want to be a part of “Smoke?”
AH: We don’t have a lot of representation in this cannabis space. There aren’t a lot of places to get information especially from someone like myself that’s an operator in multiple states. I want people to understand my journey and the journey of people of color. It’s a tough place, it’s not easy and we’re not always welcomed into the space.
We have to understand the history of cannabis and how Black people played a part in where we are today as a society. All of our freedoms were taken away and all of our lives were mostly impacted negatively around the cannabis plant. Now there’s this new billion dollar industry we don’t have a real position in. We don’t have a seat at the table and that’s a crime. There’s enough money to go around for everybody. There needs to be more inclusion of people of color. If it wasn’t for the sacrifices we made – our freedoms – we wouldn’t be having these conversations.
CHECK THIS OUT: RADIOSCOPE RAW Podcast: Our Uncut 1989 Interview with Lakeside
FT: What struggles have you faced and continue to face in the cannabis industry?
AH: It’s been about 10 years since I first started and one of my first challenges was being able to differentiate good advice from bad advice. I had attorneys who told me the wrong things to do and I don’t think they did it on purpose, they just didn’t know. A lot of these rules are up to your interpretation. Also, I was still playing in the NBA when I started [getting into the cannabis industry] and I had keep to myself in a position where I didn’t lose my contract or get locked up. Then, once I started to scale the business I realized how hard it was to fund a business. Some would think with the resources I have it should be easy – like everyone is going to give me money – but that wasn’t the case. When I think about how difficult it was for me to raise money, I could only imagine how difficult it would be for someone who isn’t a celebrity or athlete. How would they ever be able to participate in this industry? It’s so expensive to be a part of it.
FT: Your company Viola launched an incubator program to provide small Black owned businesses resources within the cannabis industry, how can people apply?
AH: Through our website – when they hear the incubator program a lot of people think I’m randomly picking people, it’s not like that. It’s way more difficult. We’re looking for entrepreneurs that are already in the space, have started a business and they need resources to be able to scale it up, like back office support. They can use our platform to elevate their business. Even some people operating in the gray market that have really solid brands but are in states that don’t have their programs fully built out yet, can’t find enough resources – like capital to get a license. So we would say, ‘join us and use my license to be able to get on the right side of the business and grow from there.’ Maybe they have a following and they just need a license or a grow space or access to distillate. Viola would be able to get those resources to them.
FT: “Smoke” features testimonies from other notable individuals like Vice President-Elect Kamala D. Harris, what can you share about her role?
AL: She has a history of locking up people of color and at the end of the day you can’t blame her because she was doing her job. I like that she has grown from her way of thinking…throwing the book at guys for low level drug offenses – and now is trying to figure out how we can expunge these records and give these guys an opportunity to really come back into society and be successful. When you go to jail and you serve your debt to society as they say and you come home it follows you. It could eventually force you back into a life of crime. I know some of the things she is focusing on is expungement, re-entry and changing the way we look at cannabis and the stigma.
“Smoke: Marijuana + Black America” premieres on BET Wednesday, November 18 at 10pm ET/PT.
JeffCars.com’s Review: 2020 Genesis G90
Other Trim Levels:
Standard Audio On Test Vehicle: a 17-speaker Lexicon system AM/FM/HD audio system with SiriusXM
Apple CarPlay/Android: Yes
Bluetooth Connectivity: Yes
USB Connectivity: Yes
Bumper-to-Bumper Warranty: 5 years or 60,000 miles
Powertrain Warranty: 5 years or 60,000 miles
Standard Engine/Horsepower: 3.3-liter, 6-cylinder/365-hp (horsepower)
Recommended Fuel: Premium
Standard Fuel Mileage: 17-city/25-hwy
What’s New: The first generation G90 has undergone a mid-cycle refresh.
To continue reading the review, click here.
About The Reviewer: Jeff Fortson is the host of Auto Trends with JeffCars.com, the only multicultural syndicated automotive radio show on the airwaves. The 30-minute weekly show, which airs on SiriusXM 141 and a number of FM radio dials, includes one-on-one conversations with many of today’s pioneers and influencers. The engaging show, which goes beyond traditional car talk, can be heard via all mobile and stationary infotainment devices by tuning in here.
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