Cannabuzz: A Dip in the Arc Tank
What Last Week's Investor Pitch Forum Was Like.
LET'S PRETEND that you're operating or want to start a cannabis business. Maybe you want to grow, make edibles or concentrates, start or expand a dispensary, or produce ancillary products like rolling papers and vaporizers.
Where do you get the funding? You can't get approved for a standard bank account if you're involved in the weed industry. So unless you own a scary clown mask and starter pistol, or have a wealthy elderly relative with a serious heart condition, your options are limited.
Oregon recently lifted the barrier to non-resident investment in our marijuana programs, something that many, including myself, were wary about. That concern stemmed from a deep-seated fear that Big Canna/Pharma/Tobacco would come in and buy up all our mom 'n' pop canna businesses. Making the transition from "chairman of the bud" to "chairman of the board"...
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