Medical Marijuana

**Pwhite32** · 10-30-2015, 11:13 AM

Are their any lenders that will fund Medical Marijuana dispensaries? I'm starting to have several inquires from shop owners about receiving capital.

**AndyYSCISOdept** · 10-30-2015, 11:18 AM

We will. PM coming over to discuss.

**Everest** · 10-30-2015, 11:20 AM

sent you a PM.

**JKarp** · 10-30-2015, 11:22 AM

CFG Merchant Solutions does.
www.cfgms.com

**rick_clsfunding** · 10-30-2015, 11:23 AM

Originally Posted by Pwhite32

Are their any lenders that will fund Medical Marijuana dispensaries? I'm starting to have several inquires from shop owners about receiving capital.

Everest

**rick_clsfunding** · 10-30-2015, 11:25 AM

Sorry, I see they already responded

**American Funding Group** · 10-30-2015, 11:29 AM

We are a direct lender that does dispensaries!

**AndyYSCISOdept** · 10-30-2015, 11:52 AM

Sounds like there are a lot of us now that have started working with medical dispensaries.

**Michael I** · 10-30-2015, 11:55 AM

i thought most of them don't have business bank accounts . Just curious how you all get them done

**jjones_wbl** · 10-30-2015, 11:55 AM

Jen

**AndyYSCISOdept** · 10-30-2015, 12:35 PM

Originally Posted by Michael I

i thought most of them don't have business bank accounts . Just curious how you all get them done

Most of them deal in cash and then put the deposits into their bank accounts that say Green Mile Enterprises ETC LOL.

**Drizzle** · 10-30-2015, 12:54 PM

In regards to collateral, can merchant use marijuana as the asset? Ex. 50 lbs

**AndyYSCISOdept** · 10-30-2015, 01:08 PM

Originally Posted by Drizzle

In regards to collateral, can merchant use marijuana as the asset? Ex. 50 lbs

Unfortunately I don't think so because under federal guidelines that commodity is illegal.

**TMR** · 10-30-2015, 01:08 PM

Anyone have a solution with reference to processing for these merchants?

**JoeLepkoski** · 10-30-2015, 01:14 PM

Originally Posted by TMR

Anyone have a solution with reference to processing for these merchants?

They are all cash/check businesses, however, if they have a connected store selling pipes, glass, etc that portion should be able to get boarded with someone

**TMR** · 10-30-2015, 01:38 PM

Good info, much appreciated.

**KM_Superior** · 10-30-2015, 04:43 PM

Originally Posted by Pwhite32

Are their any lenders that will fund Medical Marijuana dispensaries? I'm starting to have several inquires from shop owners about receiving capital.

Superior funds dispensaries-

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