Canna Business Resources for You
In 2021, there were over 8,500 businesses licensed as cannabis retailers across the U.S. While this might sound like a surprising number, the rapid increase in states allowing retailed marijuana paired with growing public acceptance has yielded a burgeoning market with many entrepreneurs eager for their piece of the pie.
Many cannabis startups find themselves seeking options for equipment financing and other capital needs. If you are in this boat, here are some canna business resources that can help.
A great place to begin looking for help with starting your business is your local chamber of commerce. These organizations work towards helping improve the growth of business within areas, typically serving as a powerful resource for all businesses within your community.
Your local chamber of commerce can provide assistance with getting your business off of the ground, lobbying for policy changes that help businesses, and even provide funding that can be helpful for things like cannabis equipment funding. The specific services provided will vary from organization to organization but be sure to check out the chamber of commerce in your community.
Business magazines and websites like Entrepreneur and Inc are good cannabusiness resources for those wanting to get a better insight into industry trends or just glean helpful hints. If you are going to open a business, staying up to date on national and industry specific trends are both quite useful. Your Local Chamber of Commerce
A great place to begin looking for help with starting your business is your local chamber of commerce. These organizations work towards helping improve the growth of business within areas, typically serving as a powerful resource for all businesses within your community.
Your local chamber of commerce can provide assistance with getting your business off of the ground, lobbying for policy changes that help businesses, and even provide funding that can be helpful for things like cannabis equipment funding. The specific services provided will vary from organization to organization but be sure to check out the chamber of commerce in your community.
Publications
For those who want more in-depth news coverage of industry-related topics for cannabis startups, following marijuana business sites like MJBizDaily and the Cannabis Business Journal can provide you with useful news to help with your cannabis startup.
Small Business Administration
This may seem like an unlikely cannabusiness resource given that marijuana is still not legal at the federal level. While you won’t find industry specific resources or methods for cannabis equipment financing here, what you will find is lots of general information.
The SBA provides advice and information to people looking to start their own businesses. Lots of this information can be transferable to the cannabis industry as well. For example, this article on ten things to do to start your business will be quite helpful for many people. This means that the SBA can provide useful information and education in general business principles and practices.
SCORE Templates
SCORE is a non-profit organization that provides information, mentoring, webinars, training, and more for small businesses. They have a mission of helping to develop the next generation of business owners, which serves to drive the resources they provide.
For people looking to begin a cannabis startup, one of the best cannabusiness resources you find at this organization is their large collection of documents and templates. If you don’t have formal business training, this can be a huge help for your cannabis startup. Their templates include the areas of finance, marketing, and management. They also provide an overall template for getting started on your business plan, which is imperative for accessing money for things like cannabis equipment financing.
Cannabis Business Lenderss
Financing your cannabis startup can be a bit more difficult than getting funding for most other businesses due to current federal regulations. However, this doesn’t change the fact that you will need money for a location, staffing, cannabis business equipment, and many other things.
Fortunately, we provide cannabis startups with the funds necessary to get off the ground with specially designed loans to help entrepreneurs within our industry. Borrowers only need a FICO score of 700 to be eligible for up to $250,000 in funding, with low interest rages that average 0% over the first 12 months. Contact us today to apply.
Funding is the most important piece in any successful business plan
Our cannabis funding specialists can help you determine your eligibility to qualify for capital. No risk to you, it will not hurt your credit, and we can give you a same day approval.
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