CRBs are still in a holding pattern when it comes to any new developments for traditional banking and lending access. However, there are more banks than ever doing business with the industry and political shifts in Washington offer a hopeful outlook for future legislative changes.
The post Current Trends in Banking for Cannabis-Related Businesses appeared first on Cannabis Industry Journal.
In this article, Aaron Green sits down with Rob Sechrist, President of Pelorus Equity Group and Manager of the Pelorus Fund to learn more about value-add lending and to get his perspective on recent trends in the cannabis industry. While most cannabis private equity lenders focus on real estate acquisition and refinancing, Pelorus has leveraged its experience in more than 5,000 transactions of varying size and complexity to offer value-add loans, a rarity in the industry.
The post A Q&A with Rob Sechrist, President of Pelorus Equity Group and Manager of the Pelorus Fund appeared first on Cannabis Industry Journal.
Legislation moving through Congress would provide banking and insurance protections for cannabis and cannabis-related businesses without the threat of federal penalties
The post Support Grows for Federal Cannabis Legislation with the SAFE and CLAIM Acts appeared first on Cannabis Industry Journal.