Cannabis-related companies have historically had a hard time securing funding. There’s evidence, though, that a recent groundswell of support could change everything when it comes to cannabis companies in need of lending.
While plant-touching businesses generally feel the brunt of cannabis banking issues, the industry's ancillary businesses – those that provide support services to plant-touching companies – also face significant obstacles. What are these issues?
Not being fully transparent with the bank – or wholly lying to the bank about your business — has real consequences. What’s at stake when you don’t tell the whole truth about your cannabis business to your banking partner?
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