Predatory lending, which gained special notoriety during the early 2000s, can debilitate a marijuana entrepreneur who’s trying to start or scale a business.
Articles by Marijuana Business Daily staff :
The 22 women selected for Marijuana Business Magazine’s list of Women to Watch in 2019 have crafted companies from the ground up, forged new woman-focused alliances and upended traditional business models as they’ve paved the way in this rapidly evolving cannabis industry.
But these women are alike in another way: In this new year, they are embarking on major undertakings as leaders in a nascent industry that, like the rest of corporate America, is dominated by men in the top jobs.
Marijuana businesses nationwide are finding they can reap generous rewards from giving back to their local communities.
Being a good corporate citizen can make it easier for marijuana businesses to work with regulators and local officials, stand out from competitors and attract new customers and high-quality employees, according to industry executives and experts on corporate giving.
It can take months for a marijuana business to gain licensing approval from regulators.
The biggest problem facing a company in such a situation is it usually must have the location nailed down before filing an application.
But paying rent on space before having a license in hand can cost a lot of money, unless steps are taken early in the process to minimize costs.