Beyoncé charity and NAACP give US$10,000 grant to hemp brand

Growth op

Hemp health and wellness company, The Gift, has received a gift of its own thanks to a partnership between Beyoncé’s BeyGOOD charity and the National Association for the Advancement of Colored People (NAACP) that assists Black-owned businesses. The Gift knows exactly how the US$10,000 will be used : the Maryland-based company plans to launch a new website and its educational platform called Project 545, as well as relaunch its new sustainable packaging. Project 545 seeks to educate the public on the biodiversity of plants and how whole plant extractions can play a role in self-care, notes the company website.  Texas farmers are harvesting hemp for the first time in 80 years Genetic test identifies if cannabis plant will produce CBD or THC Ontario company receives licence to grow, extract and process hemp-derived CBD in China The Gift extended its hearty thanks in an Instagram post late last week, saying the support would help to “break down the stigma around cannabis through education and do our part to increase diversity in cannabis and hemp!” Founded in 2018, The Gift was one of 17,000 applicants to receive grants as part of the partnership between Beyoncé’s philanthropic foundation and the NAACP. Forged this past July , The Black-Owned Small Business Impact Fund between BeyGOOD and NAACP is administered by the latter. The program distributes grants to Black-owned businesses in Houston, Atlanta, New York, Los Angeles and Minneapolis, all of which have been hard hit by COVID-19. Grants are being awarded on the 15th of each month through 2020, notes the NAACP . “Companies in the legal cannabis industry face higher costs for just about everything from insurance to banking, even if they are working strictly with hemp, not marijuana,” Cory Moore, co‐founder and CEO of The Gift, noted in a statement to Black…

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Source : Beyoncé charity and NAACP give US,000 grant to hemp brand

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