Cannabis Financing, Myths and Truths
In cannabis, just getting the basic depository services that most businesses take for granted can be a mission. Credit? Forget it.
10:45 AM - 11:30 AMWed
Cannabis Business
Speakers
Peter Su
Director of Specialty Banking
Hanover Bank
In banking parlance, referring to a business as “bankable” means that the business is at a point in its life cycle where it could qualify for some form of a traditional financing package from a traditional financial institution. For any startup, this would be considered a major milestone. For a legal cannabis business, this would absolutely be a cause for celebration. In cannabis, just getting the basic depository services that most businesses take for granted can be a mission. Credit? Forget it.