Two new senate bills have been created for dispensary loans that could make it easier for cannabis dispensaries that sell medical marijuana to stay in business. Under the Small Business Banking improvement Act, accredited marijuana dispensaries would be able to apply for bank loans, and the Small Business Tax Equity Act would allow them to deduct business expenses when filing their taxes.
Dispensary Loans Law
Currently, cannabis dispensaries that sell medical marijuana in Arizona, California, Colorado, Maine, Michigan, Montana, Nevada, New Jersey, New Mexico, Oregon, Rhode Island, Vermont , Washington, Delaware, DC, Alaska & Hawaii are barred from applying for traditional forms of credit and bank loans. The bills have the support of a bipartisan group of congressmen including Stark, a Democrat, and Republican Ron Paul. However, supporters don’t expect an easy process. Private investors are the only way to get loans for marijuana businesses, and most states require the investor to be a resident of that state.
Private Investor Dispensary Loans
Private investments in the medical marijuana industry are booming due to the fact that banks are not allowed to loan money to businesses that sell or grow marijuana. Private loans are a great source of startup capital for marijuana businesses. Start-up cannabis businesses seeking private investors have received a great deal of financial aid and expert assistance. Private marijuana investors invest in all venture ideas- grow rooms, dispensaries, marijuana kitchens, marijuana websites, grow supply stores and anything else related to dispensary loans.
If you are a cannabis grower or a someone looking to start a medical marijuana dispensary, and are in need of an investor, please FILL OUT THIS APPLICATION and provide a brief description of what you need or your business proposal. We constantly receive emails and enquiries from investors looking to loan money for marijuana businesses and dispensary loans.
LOOKING FOR $$ TO OPEN A MARIJUANA BUSINESS?? Click This Link To Get Started!
https://theweedscene.com/loan-application/
My husband and I are looking for help with our start up capital. We already have an investor so to speak we simply need the capital to make good on our end of the deal. If anyone had advice for us or resources that would be a tremendous help.
feel free to email me directly and include as much info as you can so i can try and find the right person to connect you with. Thanks in advance!
I want to be a part of the new recreational legalization of MJ in Colorado and in WA, I have the drive to be successful and have had years of managing a PNL for major retail stores and really want to get into the Next Big Thing. Just need help with Capital and Financing.
Any help would be great!!
Will
Hello!!!Im currently tyring to find someone who wants to invest in my idea,unfortunately no one is trying to take chances they say with this line of business.i really could use your help if u could give me some idea of where to go from here i would much appreciate it
email us @ [email protected] with a general breakdown of what you are trying to do. I will look at it and let you know my thoughts.
im thinking of opening up my own place. but will have to be in 2013 lol hopefully you are still here with this offer of getting loans from private investers.
i hope we will be around then too… hopefully by then, you will be able to apply for federal loans from banks for MMJ business. if not, we will always know people with $ to loan… 😉
need an investor to help me put up my marijuana club got everything i just need the money