Because traditional financing is largely unavailable, marijuana businesses turn to private investors or other financing sources
April 21, 2017There are only a few lenders willing to finance activities in the marijuana industry, largely because marijuana is considered an illegal drug under federal law. As most banks are federally insured, loans provided to those in the marijuana industry are not likely to be insured. With banks unable or unwilling to take the chance, private investors are being presented with lucrative opportunities.
Bisnow covers the opportunities here.