Finding adequate financing for starting a business is not everyone’s cup of tea, and things become more Complex When You Are Likely To Open The One Relate To Cannabis. Cannabis Business Loans are not readily available. Since cannabis is still prohibited from buying, selling, or use them on a federal level, financial institutions aren’t able to finance any capital that has any relation to cannabis. Even if you have sufficient funding for starting your marijuana business, you will need a mean to deposit money and provide checks to partners or even to employees. Some of the marijuana business owners use traditional banks for their day-to-day banking needs but hide the true nature of their business. Apart from cannabis business loans, you also have several other options like venture capital, credit cards to arrange the required finance.

Slowly and gradually, states throughout the country are taking small steps to support this fastest growing industry in the United States that includes decriminalizing marijuana, even in non-legal states. By 2020, the legal cannabis sector is expected to create more than a million jobs and not like other industries, such as manufacturing and agriculture, that are projected to see significant declines.

Hard money loans, we recognize the financial value of taking the lucrative advantage of the opportunities offered by cannabis. If you are the one who interested in buying real estate to lease out to a cannabis operator or want to start your own business, give us a call, and we assure you that you will get the funding to make a play in minimum possible time. Cannabis is currently permitted for medical use in 35 states only. It is also allowed for recreational use in California.

Different types of cannabis loans:

Equipment leasing:

This type of cannabis industry financing is almost solely focused on growers who need agriculture equipment to help with cannabis farming and cultivation. You can reach out to an equipment leasing company to get the agriculture types of equipment to help you grow cannabis.

Commercial real estate:

Commercial real estate lenders provide financing to the successful growers who are willing to purchase land or real estate to grow cannabis. Different type of commercial real estate loans available for marijuana business includes bridge loans, hard money loans.

Dispensary cash advance:

In simple words, this is a type of short-term cannabis financing that is a perfect way for the investors to obtain fast short-term marijuana dispensary funding. For that, you must have substantial bank statement revenue.

Private loans:

This is the most feasible and common type of financing for the marijuana business. However, some of the private lenders avoid and shy away from funding pot dispensaries due to several reasons. Some private lenders will provide financing as much as you need depending upon the dispensary revenue.

If you are also looking forward to entering the cannabis industry and need financing, then Hard money loans can be your best destination. We provide Cannabis Loans In California as well as in other countries. You can reach us, +1 (310) 666-8884 at carlo@hardmoneyloans.com for more information.