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Bridget21

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Bridget21

Re: Strathmore post# 2846

Wednesday, 09/11/2019 8:03:30 PM

Wednesday, September 11, 2019 8:03:30 PM

Post# of 14223
I have done some search and here it is..why there is any loan to cannabis companies:


"...Cannabis companies cannot have loan, that’s because property is often used as collateral for a small business loan. It’s the bank’s safety net if the borrower defaults. Not so in cannabis.

Federal prohibition means a US Attorney can attempt to seize the property of any cannabis business, under asset forfeiture law, at any time..."

Hope it will become legal at Federal level soon!

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