Cannabis Working Capital Loans

working capital loansCannabis Working Capital Loans can increase can increase cash flow to run your business more efficiently. Due to cannabis businesses needing access to funding for building expansion, growing equipment, security systems, extractors, security costs, and large overhead (including high electric bills). There are very few sectors of the economy projected to grow by triple-digits. The cannabis market was worth an estimated $7.2 billion last year; analysts are predicting the legal marijuana industry will grow 500% over the next five years.

This industry is expected to produce nearly 300,000 jobs by 2020 and grow to $24 billion by 2025. Marking a turning point for marijuana, both as a cultural movement and as an industry. Polls show a record percentage of Americans now favor legalization. Cannabis Business Loans are now available is to businesses in states where marijuana has been legalized.

Click below to see different industries, business strategies, and how to get started.

Half the country believes marijuana should be legal

Cannabis use among older Americans is increasing, more than 50 percent of Americans live in states that permit adult access to some form of legal marijuana.  National Cancer Institute is now reporting pre-clinical studies show that cannabis may be able to kill cancer cells while protecting normal cells.According to a study published by the journal scientific reports, researchers examined the ratio of toxicity for a number of legal and illegal “drugs” including alcohol and tobacco.  Discovered that marijuana was by far the least dangerous drug, cannabis was found 114 times less deadly than alcohol.

cannabis working capital loans

Medical cannabis in the United States

History of marijuanaCannabis Working Capital Loans used as medicine dates back 5000 years. Cannabis is the entire plant where Marijuana is made from the dried leaves.  Hemp is made from the fibers of the stem, and oils are made from the seeds. Marijuana initially spelled marihuana is a nickname of Mexicans.  After the 1910 Revolution immigrants flooded into to American.  Introduced the recreational use of marijuana. The drug became associated with terrible crimes were attributed to marijuana and the Mexicans who used it. During the Great Depression massive unemployment and increased public resentment and fear of Mexican immigrants escalated public and governmental concern about the potential problem of marijuana. Congress passed the Marijuana Tax Act in 1937 effectively criminalizing marijuana.

The federal government today still classifies marijuana as a Schedule 1 drug as having no medical benefits and a potential for abuse. Multiple studies have shown areas where legalize medical marijuana has higher rates of use, does not appear to reflect a cause and effect violent crimes or traffic fatalities.

Cannabis Working Capital Loans – Capital without the hassle

We provide a business friendly alternative to traditional bank loans for establish businesses.  Our simple method allows us to be flexible on credit history checks and avoid the unlimited documents connected to your approval. Funding from $5000 to $500,000. Rate and term is dependent on the performance of the business. The amount capital that can be borrowed is dependent on the monthly deposits. There is very little paperwork involved this is the main reason why the application process is so quick.

working capital loans

Cannabis Small Business Loans

Traditional lenders make it difficult for Cannabis businesses

Businesses have difficulty obtaining bank loans, access to bank accounts, goods and services like building rental, scientific testing, payment processing, and even legal representation. President Trump has said traditional banks and lenders can make it difficult because of the rules and regulations in the Dodd-Frank Act. Referencing the Controlled Substances Act under federal law makes it illegal to manufacture, distribute, or dispense marijuana. 

Treasury is able to offer this because the Justice Department has agreed not to go after marijuana sellers in states where it has been legalized as long as those businesses don’t trigger red flags such as selling to children or diverting cash to criminal cartels.

Click below to see different industries, business strategies, and how to get started.