With mainstream banks and credit unions unable to lend to cannabis companies, marijuana entrepreneurs are turning to alternative sources for capital.
Options run the gamut from crowdfunding, venture capital, private equity, and even government support, but the bottom line is access to capital remains a big issue for the industry, particularly startup cannabis companies.
New business starts continue to rise in Meriden myrecordjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from myrecordjournal.com Daily Mail and Mail on Sunday newspapers.
$30M venture cannabis fund offers window into recreational marijuana industry's financing options hartfordbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartfordbusiness.com Daily Mail and Mail on Sunday newspapers.
Norwich When Angela Adams sought advice a year ago on how best she could help local businesses as executive director of the Greater Norwich Area Chamber of Commerce, Jason Vincent offered a vision for her.
Vincent at the time was co-chairman of the chamber’s economic development committee and vice president of the Norwich Community Development Corp.
“He said I am the gatherer,” Adams recalled Wednesday of Vincent’s concept of both their roles. “I bring everyone into a room, and he’s the planner to help find solutions to the problems we have. That’s where he was such a big part. That’s where everyone relied on him.”