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  1. #1
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Sep 2014
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    Legal MMJ Problems?

    https://www.usatoday.com/story/news/...cy/1003183001/

    How will this effect those funders who have invested in this industry?

  2. #2
    Senior Member Reputation points: 51665
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    Mar 2016
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    I heard 1st Global funded a $3M deal for a Cannabis business

  3. #3
    Senior Member Reputation points: 81655
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    Mar 2014
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    Florida
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    I think this sums it up:

    "“It signals the end of safe harbor for major pot investors,” Sabet said. “This throws up everything in the air one thought they knew about the federal government's position on marijuana, which up to this date was more of a ‘see no evil, hear no evil’ policy.”
    Dave Lambert, Business Development
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    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
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  4. #4
    Senior Member Reputation points: 203054
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    Jan 2014
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    I spoke to Credit Cash earlier this week, they have one whole department that specializes just for cannabis deals, supposedly largest player in that space specifically...from what I was told by them.

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