FREE Franchise Guide!
Franchise 500 Rank
N/R Not ranked last year
See the Full List
Initial investment
$110K - $166K
Units as of 2020
1 Increase 0.0% over 3 years

HBCannU is a cannabis brand that started its operations in 2016 in the Southeast U.S. and touts itself as the first fully Black-owned franchised cannabis brand in the United States. Apart from selling HBCannU CBD products, the franchise offers cannabis education and cancer and recidivism programs. Consumers can also make online orders and purchase special HBCannU franchise merchandise.

Franchising since 2020, the HBCannU franchise is inspired by and rooted in the Marcus Garvey “Do For Self” Pan African Philosophy. As a result, HBCannU focuses on educating the public on how the cannabis industry works and the benefits of responsibly sourced CBD products. By franchising its business model, HBCannU hopes to keep creating history while providing employment and ownership opportunities to anyone with a mission of elevating the community of people of color.

Why You May Want to Start an HBCannU Franchise

The cannabis industry in the United States may be becoming more popular as the years continue to go by. If you are passionate about cannabis and are interested in informing the public about the benefits of CBD, becoming an HBCannU franchisee may be a viable option.

What Might Make an HBCannU Franchise a Good Choice?

Becoming an HBCannU franchisee may open you up to new opportunities while providing you with a workable business model. For instance, HBCannU has designed its opportunities to streamline its business model to reduce overhead expenses. HBCannU also offers single-unit franchise opportunities in regions that it believes may be penetrable by a HBCannU franchise.

With a single-unit franchise option, you may operate an HBCannU location in a territory that you choose—this allows you to decide the size of your territory and expand depending on the terms agreed upon.

To be part of the HBCannU franchise team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements. 

How to Open an HBCannU Franchise 

As you decide if opening a HBCannU franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if an HBCannU franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the HBCannU franchising team questions. 

If awarded a franchise, franchisees may receive a great deal of support from the HBCannU brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. They also receive hands-on training and continued support after their franchise location has opened.

Find Your Perfect Franchise

Company Overview

About HBCannU

Industry Health & Wellness
Related Categories Miscellaneous Health Products, CBD
Founded 2016
Leadership Huey Abeyi, CEO
Corporate Address 212 Friesian Wy.
Sanford, FL 32773

Business Overview

Franchising Since 2020 (4 years)
# of employees at HQ 2
# of Units 1 (as of 2020)

Information for Franchisees

Here's what you need to know if you're interested in opening a HBCannU franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$50,000
Initial Investment Information Circle
$109,850 - $165,500
Net Worth Requirement Information Circle
$150,000
Cash Requirement Information Circle
$50,000
Royalty Fee Information Circle
10%
Ad Royalty Fee Information Circle
2.5%
Term of Agreement Information Circle
5 years
Is franchise term renewable? Yes
Take Our Free Franchise Quiz!

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 20 hours
Ongoing Support
Grand Opening
Site Selection
Marketing Support
Social Media

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
No
Take our quick quiz to find your ideal franchise

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to HBCannU.

Exit Factor

description
Business coaching and consulting

Discover CBD

description
Hemp-derived CBD products

Challenge Island

description
Educational enrichment programs

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Franchise

McDonald's Announces the Return of the Snack Wrap in 2025 — Here's What to Expect From Its Comeback

The decision comes after years of persistent customer demand for the portable snack, which debuted nearly two decades ago.

Franchise

Ready to Own a Business? Check Out These 15 Franchises You Can Start For Under $25K

Looking for an inexpensive franchise to open? Explore the best franchises under $25k, according to the 2024 Franchise 500 Ranking.

Franchise

Why Opening a Second Location Requires a Fresh Strategy (Even If Your First Was a Hit)

Here are some key points to consider before adding another location to your burgeoning multi-unit brand.

Franchise

Jeff's Bagel Run Offers a Dynamic, Rapidly Expanding Franchise Concept!

Jeff's Bagel Run franchisees provide their customers with a unique and high-quality product offering that includes bagels made from scratch and custom coffee programs.

Franchise

Subway's CEO Steps Down Amid a Major Transition for the Sandwich Giant

John Chidsey will step down at the end of 2024, marking the close of a transformative five-year tenure.

Franchise

You Can Start These 10 Franchises for $10,000 or Less

Many budget-friendly franchise opportunities are in industries with high demand, such as home services, cleaning or mobile businesses.

See more franchise content
Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022