Cannabis in Canada: Big Banks Are Missing a Boom

KushCo Holdings, a company that sells packaging and supplies to the cannabis industry, would love to borrow money from a real bank. CEO Nick Kovacevich wants to secure up to $30 million in revolving credit, so he can hire more employees and build new warehouses. But a line of credit or loan of that size isn’t an option because traditional banks are not willing to lend to marijuana businesses. Even though Canada legalized recreational marijuana…

Go to Source
Author: Julia Horowitz, CNN Business
Puffin’ On Some Good New?! Share Some…

About admin