This article is the fifth in a series called, “So you want to start a canna biz?” created in partnership with Good Tree Capital. This article focuses on getting money to start your cannabis business.
Financing is the primary barrier to entry into the cannabis industry, so it is important to structure your approach to overcoming it as a challenge. It doesn’t matter if you’re a bodega on the corner, a chain restaurant, a cannabis cultivator, or one of the big four tech firms, there are really only three ways to finance any business’ growth:
- Reinvesting profits from running your business
- Taking out debt from a lender
- Selling an equity ownership stake in your business to an investor.
Previously, we briefly touched on each method of…
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