Finance global news

With a more lenient approach toward the use of marijuana, various businesses are looking toward an organic way to set up their operations in this industry. Be its laboratory research, manufacturing, etc., the cannabis industry is an emerging and promising sector that has impacted other sectors both directly and indirectly. To jumpstart your business, you have to look for suitable equipment that can help you accelerate productivity and better revenue. However, there is a need to purchase machinery that is quite expensive. This article is your holy grail to know everything about cannabis equipment financing and how you can apply for a loan!    What are cannabis equipment loans? Cannabis equipment loans or CBD equipment loans refer to a sum of money offered by lenders to completely or partially finance the equipment required for the manufacturing, production, research, etc. in the cannabis industry. Besides, depending on your niche, finances are provided to afford bulk machinery that pro

The legalization of marijuana in some states in the United States has opened the door for huge sales which are estimated to be about $160 billion by the end of 2025. More so, the cannabis industry has proven to be more lucrative and its demand is always on the increase. However, the federal laws haven't made it easy for businesses in the cannabis industry to get involved with banking activities. Besides, it is even risky, and dangerous for businesses in this domain because regulatory agencies are always hunting for businesses that default and transgress the rules. Marijuana-related businesses might soon have the freedom of banking with any federally controlled banks, but until the full legalization of hemp across the States, it is a dream to be realized for businesses in the domain. However, before processing to the bank as a cannabis-related business customer who is hoping to secure banking activities with the bank needs to carefully navigate the process effectively and avoid bei