Crowdfunding for cannabis business
The legal cannabis market has been emerging strongly these days. That’s why many venture capitalists are showing their great interest in this industry and cannabis equity crowdfunding has become easier than ever before.
The development of marijuana cottage industry
The significant hemp industry growth opens many funding options to raise startup capital for your business. Many venture capitalists and business angels are turning their attention to this industry. Some cannabis companies in the United States are successful in raising money for their businesses, including
– Eaze: $51.5 Million
– Surterra Holdings: $25.3 Million
– Green Bits: $20 Million
– Canndescent: $16.5 Million
– Leaflink: $14 Million
– Baker Technologies: $12.5 Million
So how to finance your cannabis-based business?
Finding a source of finance for any business is difficult but thing becomes even more challenging when it is cannabis business as not all people are open about cannabis. Here we list some of the ways to raise capital for your cannabis business.
#1: Business loans from alternative financing companies
When looking for crowdfunding for cannabis business, many owners often get a loan from some lenders like Diamond Business Loans. This organization focuses on the cannabis industry in the United States and works to meet the borrowers’ needs.
#2: A business line of credit
Alternative financing companies also provide cannabis investment fund for cannabis business. This fund often comes in the form of lines of credit, which helps to cover ongoing expenses.
People now can invest $2000 in a small company in exchange for its stake. This is accepted by the SEC and many companies can raise up to $1 million. If you are about to do so, Fundanna, the #1 Cannabis equity crowdfunding portal in America, is worth considering. Crowdfunding platform also is one of latest ways to raise capital for your business.
#4: Venture capitalists and business angels
You also can raise capital from ventures capitalists and business angels. These wealthy investors are willing to help small and potential businesses grow. As many of them consider investing in cannabis-based business one of latest ways to diversify your investment portfolio, the success rate for you is obviously higher.
Along with the expansion of cannabis-based industry, the cannabis investment network also becomes wider. This is an ideal chance for crowdfunding for cannabis business.
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