Wellness

We Are A Black Owned Company- A Message From The Thera Team

After weeks of protests over George Floyd’s killing in police custody, many Americans are wondering whether this moment will indeed lead to lasting change that finally reduces the nation’s long-standing racial injustices.

Thera Green prides itself on being a proud local black-owned business in the Riverside California area. We support social justice and social change by spreading education and understanding about CBD and other cannabinoids derived from the hemp plant. By doing so, we also hope to shed some light on the drug war and how it has produced profoundly unequal outcomes across racial groups, manifested through racial discrimination by law enforcement and disproportionate drug war misery suffered by communities of color. The Thera Green team has had the opportunity to see and take part in changing the stigmas surrounding CBD.

Our Founder and CEO, Justin Rayside’s journey with CBD started in 2015 when he had to go through a pretty intensive stomach surgery. After some nasty side effects, he decided to find out an alternative to prescribed pharmaceuticals and found his way to CBD. Through extensive research, he found that CBD oil is a natural healer for so many ailments – whether its stress or anxiety or pain and inflammation, CBD was able to assist the body in naturally bringing it back to its state of balance.

With this information and his personal testimony, he decided to become a voice for the people within his local community in the Inland Empire. He realized that just like him, the average person was just uninformed and dissonant between CBD and ‘Commercial Cannabis’. By combining both aspects – education and products that really work; Thera Green has been able to make a powerful impact on the community and have now opened 5 retail locations throughout the country, with plans to expand into several additional areas in future.

Khadijah Robinson, the founder of The Nile List, an online directory of black-owned businesses explains, “One starts feeling a bit helpless in times like these – How to support black-owned businesses? I’m only one person”.

Supporting black-owned business is a small piece, but it is something that everyone can do consistently, even when people are not protesting anymore.” She adds, “It’s not an overnight fix, obviously, but it’s something you can do and be a little conscientious about on a consistent basis and make a small difference.”

Here’s how you can support black-owned businesses and why it’s important to do so.

  1. History of black-owned businesses in the U.S

You need to read and understand the history of black-owned businesses in the country. June marked the 99th anniversary of the Tulsa, Okla race massacre, when white rioters looted and burned the Greenwood District, a prosperous African-American area known as ‘Black Wall Street’. The episode is just one example of how black businesses have been targeted by either hostile individuals or government policy.

“If you pay attention to the literal campaign of terror against black Americans in this country, what you’ll see is a lot of it that was carried out against black business owners or anyone who was perceived as accumulating wealth,” Robinson said.

Time and again, opportunities for black Americans to build wealth have been thwarted, said Kathryn Orr, the director of entrepreneurship at the National Community Reinvestment Coalition. “There have been concerted efforts to make it more difficult,” Orr said.

The racial wealth gap in the U.S. is blatant: As of 2016, a white family’s median net worth was $171,000, while a black family’s was $17,600, according to the Survey of Consumer Finances.

  1. Understand the obstacles

According to a 2019 report by American Express, black women business owners are the fastest-growing group of entrepreneurs in the U.S. But they face an uphill battle, as they’re more likely to rely on credit cards and personal savings rather than outside investors to start their businesses. They’re also more likely than their white counterparts to be denied a bank loan, according to the U.S Department of Commerce’s Minority Business Development Agency.

Orr even noted that these hurdles that black-business owners face with lenders can be more subtle than outright denial of loans. Unequal treatment is so common, that many black business owners don’t even consider getting a bank loan to start their business. “The stats are so bad that it’s not worth the risk to even try,” Orr adds.

The coronavirus pandemic has thrown a fresh set of challenges at black-owned businesses. Lockdown orders hit black-owned businesses especially hard, and though the $2.2 trillion CARES Act handed out forgivable loans to shore up businesses, an estimated 90% of black-owned firms were either ineligible for the money or denied loans.

  1. Look for black-owned business

One of the other ways to support black-owned business is by deliberately looking out for them. Since the protest over Floyd’s killings, crowd-sourced lists of black-owned businesses- including candle makers, Goth clothing brands and doughnut shops have been circulating online. Washington D.C. Economic Partnership and the Central Ohio African-American Chamber of Commerce are local business groups that also maintain lists of black-owned businesses. There are also apps, such as EatOkra for black-owned restaurants, and websites such as We Buy Black and Official Black Wall Street.

The Nile List is another great resource where you can support black business as they sell their products online, and users can filter results to find businesses that are LGBTQ+ owned, vegan or cruelty-free.

At Thera Green, we are honored to be a black-owned business. We provide premium CBD products at the most competitive prices on the market. Our team is committed to staying ahead of the newest industry trends while manufacturing products with the highest quality ingredients. We are one of the world’s largest providers of premium Hemp-derived CBD products and our uniquely formulated CBD products bring you the fastest, easiest and most affordable way to introduce CBD into your daily wellbeing.

Have a look at our products on our website or speak to our CBD specialist today, at 818- 210-4619. We even guarantee free shipping and an additional discount by using the coupon code ‘RELIEF15’ at checkout.