Now Specializing in the Cannabis Industry
Cannabis
Cannabis Industry
The cannabis industry refers to the legal production, distribution, and sale of cannabis products. This includes products such as marijuana and hemp, which are used for a variety of purposes such as medical and recreational use, as well as for the production of textiles and other materials. The cannabis industry has seen significant growth in recent years as more and more countries and states have legalized the use of cannabis products.
Cannabis Financing
For cannabis companies, obtaining banking services can be a challenging and frustrating experience due to the fact that cannabis is legal in 37 states, but not at the federal level. This discrepancy can make it difficult for these companies to access the same financial resources and support as other businesses. Managing the financial aspect of a cannabis business can be a challenging task. It requires careful consideration when it comes to securing financing, whether through debt or equity. At Phoenix Funding Group, we understand the unique needs and difficulties faced by cannabis businesses. We offer loans specifically tailored to the cannabis industry to help make the financing process less overwhelming.
Cannabis Working Capital
Cannabis working capital loans and cannabis cash advances can be provided depending on the specific needs and circumstances of the business. We offer customized financing solutions that are tailored to meet the unique needs of each cannabis company. The funds from these non-dilutive working capital options can be used for a variety of business purposes, such as opening a new location or launching a new product. Our team has extensive experience in the cannabis capital markets and is able to provide funding of up to $10 million.
Cannabis Real Estate Loans
A cannabis real estate loan is a type of financing specifically designed for businesses involved in the cannabis industry that need to purchase or improve a property for their operations. These loans can be used to buy land, build or improve structures, or make other real estate-related investments. Cannabis real estate loans are typically offered by specialized lenders who understand the unique challenges and opportunities of the cannabis industry. As with any other type of loan, cannabis real estate loans typically require collateral and may have higher interest rates and stricter terms than traditional loans.