Stem Haverhill
Retail cannabis dispensary offering handcrafted proprietary products.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $500k | Grant | |
| Total Funding | 000k | ||
Related Content
Stem Haverhill is a woman-owned adult-use cannabis dispensary that was the first to open in Haverhill, Massachusetts. Founded by Caroline Pineau, the company operates from a historic building on Washington Street and was one of the first in the state to receive an Economic Empowerment License. Pineau, who previously owned a yoga studio, opened Stem in May 2020 after facing initial opposition.
The business functions as a retail establishment for cannabis consumers, offering a wide array of products including flower, pre-rolls, edibles, concentrates, beverages, and tinctures. Stem has also developed its own signature line of handcrafted and hand-packed cannabis flower and pre-rolls. The company's business model is centered on in-store retail sales to adults, focusing on customer education and a welcoming environment. The company has plans to expand by transforming its multi-story building into a cannabis-themed destination, with potential for one of the state's first on-site consumption lounges, an education center, and a rooftop lounge. This expansion is partially funded by a $500,000 social equity grant from the Massachusetts Cannabis Social Equity Trust Fund.
Caroline Pineau is an active advocate for social equity in the cannabis industry, supporting communities impacted by previous marijuana prohibition and lobbying against unfair local impact fees. She founded the Green Goddess Invitational, a golf tournament that celebrates women in cannabis and raises money for local charities. As a foundational board member for Northern Essex Community College, she also helped launch the college's cannabis curriculum in 2022.
Keywords: cannabis dispensary, retail cannabis, woman-owned business, handcrafted cannabis, pre-rolls, cannabis flower, cannabis concentrates, cannabis edibles, social equity, Caroline Pineau, Haverhill, Massachusetts, adult-use cannabis, cannabis consumption lounge, economic empowerment license, cannabis advocacy, Merrimack Valley, cannabis beverages, cannabis tinctures, cannabis wellness