How much money does the marijuana industry need?

Several marijuana businesses in Colorado have received millions in working capital loans, real estate loans, and equipment financing from sources. To secure these loans, companies needed to demonstrate good cash flow and a strong financial history and sought loans of at least $250,000.

How does fundcanna finance the cannabis industry?

FundCanna provides funding to the cannabis industry though all levels of the supply chain – from cultivators to distributors to dispensaries. It offers some of the widest range of loans out there, including lines of credit, vendor financing, working capital loans, equipment financing and dispensary financing.

What are the terms of a marijuana business loan?

The terms for working capital loans for marijuana businesses range from 12-24 months and have rates starting from the mid-teens up to more than 20%. Since cultivation equipment cannot be used as collateral, a down payment of 35 to 45% is usually required. Marijuana business loans are available for businesses in California.