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Marijuana Funding Blog Posts

By First American Merchant

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Explore Business Loan Options for Marijuana Dispensaries

Due to conflicting federal and state marijuana laws, getting funding to operate a legal marijuana dispensary can be challenging. Many states have adopted laws legalizing recreational and medical marijuana, but some have not. Meanwhile, the federal government considers any type of use or possession a crime. This type of legal murkiness forces many dispensaries to operate cash only businesses because they cannot open bank accounts. This forces medical and recreational marijuana businesses to purchase 24/7 high-tech video security systems, as well as special doors and windows with lock, to ensure their safety. Buying all of these extra security measures is […]

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Get Cannabis Business Loans Fast!

Are you a startup or existing business looking for capital for your cannabis, marijuana, cultivation business? Where can you find reliable financing for a dispensary or for growing your operations, wholesale, retail, or edibles easily? No worries! Just read this article and you’ll discover a true payment expert that provides reliable and low cost cannabis business loans. Cannabis Industry Growing The debate around the legal weed in the 1960s started registered 12% of the American population supporting the use of legal marijuana. In 2016, recreational sales in Washington state and Colorado increased by 66%. In 2016, the states where legal […]

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More Banks Willing to Offer Marijuana Dispensary Funding

From the very beginning, cannabis merchants have been unable to secure payment processing from traditional sources. Unwilling to work with the risks associated with marijuana businesses, banks turn these merchants away. To secure marijuana dispensary funding, these businesses began turning to alternative providers like First American Merchant. According to recent federal data, the number of banks that are willing to work with marijuana businesses is steadily climbing, despite the Department of Justice revoking protections for state cannabis laws. Immediately following U.S. Attorney General Jeff Session’s decision (this January) to revoke Obama-era Justice Department guidance, which protected state marijuana laws, the […]

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Why Your Dispensary Should Use Marijuana Funding

It’s true. Legal-marijuana businesses have a very hard time raising the money they need to start and grow their business. Even though states are pushing hard to legalize cannabis, it remains very much illegal at the federal level. As a result, big banks won’t risk lending them capital or opening a merchant account. Where are Marijuana Dispensaries Finding Financial Help? With a growing number of marijuana companies, help is obviously coming from somewhere. Many entrepreneurs choose or are forced to self-fund from personal savings or business profits. Scott Jordan, director of business development for Colorado-based Dynamic Alternative Finance, says that […]

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Marijuana Dispensary Funding Deals

With legalization spreading in different states in the U.S, the demand for marijuana merchant accounts is way high. And while possession, growth, and sale of cannabis — for recreational and medicinal use — is somehow legal in half the nation, pot remains illegal by federal law. Medical Cannabis is thriving Public opinion on marijuana has been a sticking point at state and federal levels. As of the passing of the California legislation, medical cannabis dispensaries are surging. Plus, more and more states are advocating and implementing decriminalization. As we speak, the whole Medical Marijuana industry is flourishing beyond everyone’s expectations. […]

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What’s the Cost of Opening a Marijuana Dispensary?

A surprisingly large number of weed enthusiast’s dream of starting up a medical marijuana dispensary. But turning any business plans into reality calls for a thorough understanding of the costs involved in the process of application and establishment.  Here are the procedures potheads who are looking to own a cannabis dispensary in the United States should follow. What is the Startup Fee? For a cannabis dispensary, there’s a rigorous application process intended to distinguish serious applicants from part-timers in the business.  For that reason, you must meet a number of qualifications before you begin enjoying the fun part of the […]

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Medical Marijuana Funding Options for the Entrepreneur

A report by researchers at The ArcView Group revealed that legal cannabis is currently the fastest growing industry in the U.S. In addition, according to Medical Marijuana Inc., more than 1.2 million people use medical marijuana for a variety of medical problems. Despite the rapid expansion of this market, entrepreneurs are faced with no easy task when it comes to securing the services they need to operate efficiently. A merchant account enables businesses to accept and process credit and debit card transactions. From the very beginning, this has been a huge obstacle for medical marijuana businesses. Many had to resort […]

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FAM Provides Marijuana Business Loans

Several states have now legalized marijuana use and consumption. If your state has legalized medical marijuana or recreational marijuana, it is still quite difficult to get a business loan. Marijuana merchants are almost universally turned down by traditional financial institutions. Even with a fantastic business model and great business plan most lenders are still weary to provide minimal support to any marijuana business, since the federal government still outlaws the sell and distribution of marijuana. Yet having working capital is essential to every type of business, especially those in such a new industry. Marijuana business loans from alternative lenders are […]

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Where To Look For Small Business Funding

Some business owners use their own resources to finance their startups. Others need additional capital from an outside source. Modern lending landscape is constantly developing, and there are more financing options available to small-business owners nowadays than ever before. Today, non-bank online lenders offer more choices to business owners. It is important to evaluate the pricing, terms and rates offered by each lender and make the right decision. Below you can find the top things to take into account when evaluating lenders: Comprehensive Small Business Offerings Research and assess all the available options. Look for resources that will help you […]

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Legalized Marijuana Funding Woes

Since more states are legalizing marijuana every year, it seems like funding options would be great. This is false, due to many reasons. Even though more and more companies are in need, regulations put a halt on who can lend to legalized marijuana businesses. The Feds, namely, have caused major issues by not lowering or deleting the illegalization and drug schedule of marijuana, making it pretty much impossible to obtain any funding from a bank. This leaves you with few options, and some are better than others. At the end of 2016, 25 states and the District of Columbia will […]

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