How do legal-marijuana business entrepreneurs raise money to start or expand their business? The big banks won’t open a checking account for them, let alone lend them money, because cannabis production, processing and selling is still illegal at the federal level. Banking and financing options are limited, but there is a need and funding can be found.
Tag Archives: lenders
An effective executive summary gives a brief, high-level overview of your business, the financing that you are seeking, and it should pique the interest of decision makers.
The Washington State Liquor and Cannabis Board is considering rule changes that would allow more out-of-state financing in Washington’s cannabis industry. If adopted, the changes could go into effect as early as March 24.
CHICAGO, Oct. 30, 2015 /Weed Wire/ — HerbFront Capital, the lending arm of nation’s first real estate exchange platform for the legal cannabis industry, is offering an exciting limited-time opportunity — waiving application fees for the first 10 clients.
Cannabis entrepreneurs may underestimate the potential for debt financing, a topic that will be explored in detail by Scott Jordan, Director of Business Development for Dynamic Funding at the Marijuana Investor Summit on Sept. 16 in Los Angeles.