The bank refused to approve the loan

I was always interested and intrigued by marijuana.

When I was a kid, my friends and I went to the skateboard park every afternoon.

Someone always had a joint or a bowl with weed. Some of my friends were older and they knew people that grew marijuana by the river. I like the fact that marijuana made me feel very calm and relaxed. When I graduated from high school, I moved to the West Coast where marijuana was legal for medical and recreational purposes. I worked at a finance company and I had a really good credit score. I was in the upper 700s with absolutely no dings on my credit at all. When an old college friend proposed a business idea to me, I was ready to get on board. The guy wanted me to join him in a marijuana cultivation business. The guy had a great business plan and he would start making money in less than six months. I thought the marijuana cultivation business sounded like a great idea, but my college friend needed 3 million dollars from me if I was going to join the business as a full partner. I had some money in the bank and I honestly thought the bank would give me a loan. When I applied, the bank was ready to sign a check until I told them that I was going to start a marijuana cultivation business. The next day, the bank called to tell me that they would be unable to carry the loan. They referred me to a special finance company that handles loans for marijuana businesses.

 

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