Stewart Brown Jr – Mortgage Loan Originator – Purchase or Refinance
With more states legalizing medical and recreational marijuana each year, the need for financing cannabis business operations has grown. Cannabis loans are available to finance dispensaries, farming and growing facilities, cannabis product manufacturing facilities or other properties related to the marijuana industry. Cannabis business loans are also available to borrowers who wish to obtain marijuana business startup loans, or funds for equipment or operational finances.
However, because of the legal complications and thorny regulations that come with the cannabis business, finding funding options for marijuana-related companies and real estate can be tricky.
Still, it remains very difficult to get financing for cannabis business operations and marijuana-related real estate. Federally chartered banks, credit unions and traditional lenders generally cannot offer marijuana loans because marijuana remains a Schedule I controlled substance on a federal level. Despite this designation, more than 10 states have legalized both recreational and medical marijuana and in over 20 more, medical marijuana is legal. Due to a scarcity of funding from banks, there is a need for alternative financing when it comes to marijuana business loans and real estate loans. Fortunately, in states where marijuana has been legalized for medical or recreational use, numerous private lenders and non-banks have stepped up to offer loan products to “green” businesses. Types of cannabis loans:
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With more states legalizing medical and recreational marijuana each year, the need for financing cannabis business operations has grown. Cannabis loans are available to finance dispensaries, farming and growing facilities, cannabis product manufacturing facilities or other properties related to the marijuana industry. Cannabis business loans are also available to borrowers who wish to obtain marijuana business startup loans, or funds for equipment or operational finances.
However, because of the legal complications and thorny regulations that come with the cannabis business, finding funding options for marijuana-related companies and real estate can be tricky.
Still, it remains very difficult to get financing for cannabis business operations and marijuana-related real estate. Federally chartered banks, credit unions and traditional lenders generally cannot offer marijuana loans because marijuana remains a Schedule I controlled substance on a federal level. Despite this designation, more than 10 states have legalized both recreational and medical marijuana and in over 20 more, medical marijuana is legal. Due to a scarcity of funding from banks, there is a need for alternative financing when it comes to marijuana business loans and real estate loans. Fortunately, in states where marijuana has been legalized for medical or recreational use, numerous private lenders and non-banks have stepped up to offer loan products to “green” businesses. Types of cannabis loans:
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Reach out to me for further detailed information on 420 Income loan programs.