Cannabis THC Funding
Funding for Companies in the THC Cannabis Industry
This funding product for THC is based on your company's monthly revenues, and it is not a factoring facility. It is offered by a third-party lender. It provides working capital to qualified licensed THC cannabis businesses when traditional lenders will not consider funding the cannabis (THC) industry.
The process has certain criteria; the lender will look at:
- How the business is structured
- Licensing
- 3 to 6 months of bank statements
- How bank accounts are set up
- Plus, other underwriting processes
There are various funding options available that can help cannabis businesses qualify for financing more easily.
Medical and recreational marijuana is now legal in many states, and legislation may be in the works for many in other states. As a result of this emerging industry, working capital financing has become a necessity for licensed cannabis companies. Financing may be available to subsets of the industry, including:
- Biotechnology
- Cultivation
- Dispensaries
- Distributors / Retailers
- Growers / Producers
- Farmers
- Hemp & CBD products
- Manufacturers / Wholesalers
- Marijuana products
- Consumption devices
- Cannabis marketing
- Cannabis business development agencies
- Other ancillary cannabis businesses
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