Strict laws governing startup loans, real estate decisions, and business licenses have presented difficulties for cannabis company founders.
Which Cannabis Start-Up Loans Are Available in Canada?
Every local municipality in Canada has a unique set of rules that must be followed, depending on where you live. Thankfully, you can get help fulfilling these requirements from several financial sources.
It may make sense to approach banks if you’re seeking for larger start-up loans to start a cannabis company in Canada. It’s crucial to remember, though, that banks might not be the best choice for funding.
Because of their advantages, alternative lenders are preferred by many Canadian borrowers. In general, startup loans are more generous, have better interest rates, and have more accommodating financing terms, especially for seasoned business owners.