Equipment Financing

It’s an exciting time to be in cannabis. A vast majority of Americans support legalization. An ever-increasing number of states are ditching their Draconian laws. And while some states only allow medical use, many have green lit ganja for recreational purposes. Political winds have shifted in the industry’s favor, and along with a newfound legitimacy comes an influx of talent. Lots of smart, savvy entrepreneurs are seeing the opportunity and entering the space. Across the supply chain, countless companies are innovating and iterating, bringing forth amazing new brands, products, services, and technologies. It’s an exciting time indeed. 

But there’s a catch. There’s a ceiling to the cannabis industry’s growth. One that every cannabis business bumps up against – working capital. Since marijuana is still illegal on the federal level, traditional financial institutions aren’t offering business loans or lines of credit to cannabis companies. Luckily, you don’t need a traditional bank to grow your business. You don’t need a bank to get great lease terms with a low interest rate, nor do you need to tie up all your cash flow on a pricey new piece of equipment. You have options