We offer consultation regarding which type of financing option would be the most suitable for your specific needs. We want to assist, simplify, and streamline the process of securing and maintaining a business banking relationship. For years, lending has been the biggest perceived “no-go zone” for banks working with the cannabis industry. Few will open their doors to cannabis industry borrowers. Some of the reasons are:
Risk of seizure:
Banks are concerned about collateral integrity, as there is a small but non-zero chance that a cannabis business’s assets may be seized by federal law enforcement. Without collateral, lenders can risk not recouping their assets, making lending to the sector a high-risk endeavor.
Stigma:
Perhaps most arbitrary of these concerns, many in the financial world still see the cannabis industry as an unsavory one. They are simply unwilling to work with an industry that they perceive might cause reputational risks
