Loan From A Bank For A Despensary

Discussion in 'Marijuana Business and Industry' started by ReallyImThePlug420, Dec 4, 2016.

  1. Do you think if I went into a bank/lender/credit union with a nice enough business plan with fancy charts/graphs/a silver tongue they would give me a business loan to open a dispensary?
     
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  2. With cannabis still being illegal according to the DEA I would doubt it...

    Still schedule 1.....
     
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  3. That's kinda what I was thinking but.... Worth a shot eh?
     
  4. Never know
    probably better doing the dollar and a dream lotto ticket
     
  5. try it
    You might get a coffee and a doughnut
     
  6. This is true, worse case I get a no and free breakfast.
     
  7. They won't do it. The loan won't be insured by the bank insurance. Weed business is cash only business. If you have an business background and knowledge of market in area than you should be able to find an investment firm but you will have to have majority of startup cost


    Check out my first grow.
    https://forum.grasscity.com/index.p...x6'-tent+-Newbie=what-could-go-wrong?.1420015. Sent from my magical device that provide bud pictures and hot girls
     
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  8. How would I go about finding an investment firm to pitch to?
     
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  9. I highly doubt it , especially if you misspell dispensary , and don't have half the start up costs in hand
     
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  10. Ye of little faith
     
  11. Banks won't even let you deposit the money made from a dispensary. Probably some ethical dilemma them letting you use the cash to pay off the loan.
     
  12. Talking to someone at the bank on a Sunday, that's a new one for me.
     
  13. Depends on what kind of bank it is. He could be saving up $20 a load at a time.
     
  14. Nice man. Let me know how it goes. What state are you in?
     
  15. Shit I just thought of all the money I have wasted
     
  16. Uh....four letters will bring that loan idea to a screaming halt....FDIC.
     
  17. Unless you have private investors? Like from a firm?
     
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  18. Aren't you in Oregon? Isn't that market already over saturated? Better off opening a Coffee shop or used book store.
     
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