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Loans Denied to Small Cannabis Businesses

Updated: Jun 26, 2018



Remember when your parents taught you: "Don't pick on the small guy?" Yeah, this is kind of like that. So turns out, medical and recreational Marijuana has been legalized in some states and woo-hoo, that's awesome and obviously besides all the people benefiting from the therapeutic and recreational use of Cannabis a lot of small businesses were going to make bank, except NOOOOOPE! Not gonna happen! I mean, not gonna happen unless they have a couple of million bucks just laying around, 'cause if you are a small business, chances are, you are not gonna make it in this market.

First off, the prices have been going in decline, which is good news for the consumers, of course but no so much for the retailers. Oh no, for them it's a WHOLE different story. What this means for the small pot farmers is that they just have no chance of competing in this market if they don't have large machinery, wholesale supplies and a big-ass supply chain, for which you need deep pockets. And of course not all of us are rolling in cash money so whatcha gonna do? s̶u̶c̶k̶ ̶s̶o̶m̶e̶ ̶d̶*̶c̶k̶ ̶i̶n̶ ̶t̶h̶e̶ ̶n̶e̶a̶r̶e̶s̶t̶ ̶a̶l̶l̶e̶y̶ Go to the bank of course! Except NOPE-O! Guess what, most banks just won't grant loans to small cannabis businesses, making this particular avenue basically untappable for the common Joe, which is such bullshit in the grander scheme of things. 'Cause that's the whole god damn point of business loans!!! And thus small businesses can start up, grow and help grow the economy. But it seems like this whole enterprise is only suited for the few who can afford it. You can read more about this here, in case you want to inform yourself:

https://www.theguardian.com/society/2016/dec/31/legal-marijuana-pot-cannabis-dispensary-small-business-regulation


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