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: Scott Jordan
The California Cannabis Business Expo wound down on March 8, closing with two panels at the Marijuana Investor Summit: one featuring the CEOs of three U.S. based firms active in the cannabis space; the other featuring four business and financial executives from Canada, who could speak to the state of the same industry in a very different legal and cultural context.
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.
Here are three additional mistakes I see occurring frequently as business owners look for financing. Steer clear of these pitfalls and you will dramatically increase your chances for success.
As a veteran in commercial financing for marijuana businesses, I have seen many business owners struggle to obtain funding.
ENGLEWOOD, Colo., Jan. 28, 2016 /Weed Wire/ — Since launching Dynamic Alternative Finance (DAF), we have arranged more than $15.5 million from private capital investors to help marijuana-related businesses.
Speaking at the High Times Business Summit 2015 in Washington, D.C., Scott Jordan, Director of Business Development for Dynamic Alternative Finance, laid out his top 10 tips for cannabusinesses forced to think outside the box for financing. Then there was an extra that may trump all others.