Are you looking for a business loan or financing for a marijuana dispensary? Through our banking partners, The Transaction Group (TTG) now offers mortgages and business loans for dispensaries. Grow the business you’ve always wanted!
In the United States, legally operating mmj dispensaries have faced a number of challenges in the past several years in regard to banking. Even though states have been afforded the opportunity to make their own laws, most federally insured banks do not want to pursue business relationships with dispensaries due to the fact that the federal government has not legalized cannabis.
Even today, dispensary owners have difficulty even setting up business checking accounts. Traditional credit card processing for the mmj industry disappeared in 2012. The chances for prospective dispensary owners obtaining a business loan from a bank to open a new dispensary or collective are very slim.
Unless a business owner had personal wealth or private financing available, opening a marijuana dispensary was nearly impossible, as capital required getting these businesses up and running can be extremely high.
The times have changed! With this mortgage financing program, the barriers to entry in the mmj industry have lessened. Our program carries favorable rates and terms.
Contact TTG today to find out more about our mortgage program and how your dream to open a marijuana dispensary can be a reality! We look forward to hearing from you.