Financing is a single of the hardest parts about opening a cannabis dispensary, then even someone with a perfect credit score often has a taxing time finding a bank that is willing to finance a marijuana dispensary; There undoubtedly are some locations that will approve loans, however they are few plus far between, but i had 5 million dollars plus I wanted to open a cannabis dispensary.
I have the perfect location plus I had plenty of currency in the bank to purchase the property outright.
I also had enough cash to purchase all of the stock necessary for the cannabis shop to open. I still had to earn financing from the bank plus that was a nightmare. I was a nobody to the village council plus they tried every dirty trick in the book to keep myself and others from getting a corporation license, then when I hired a lawyer to consult, they had to approve the corporation license, then now the bank is giving myself and others a taxing time, because they do not want to finance the cannabis project. They do not want to be the first corporation to cosign on a loan to a marijuana dispensary. I have already called the cannabis consultants plus Law Firm that handled the paperwork. I am hoping they will be able to shed some light on the new situation. They have licensed plus experienced lawyers that are trained to handle these situations. The consultants live for this genre of fight. They have been trained to find the legal loopholes. I know those heavy hitters will be able to get myself and others through this next hurdle.