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Our credit based funding solution can get you the capital your business needs in as little as 2 weeks! When traditional banks say no, we provide a solution to get funding for your Cannabis related Business

The legal cannabis industry generated nearly 9.1 billion in revenue in 2020 and is expected to expand at a compound annual growth rate of 26.7% from 2021 to 2028

The Medical and Recreational Marijuana growing industry is set to increase its market size by an annualized rate of 29.5% in the year 2021. (Source)

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US has legalized the sale of Marijuana and related products in many of its states. In 2020/21 California State made $2.75 Billion Marijuana sales 10% of which were marijuana-infused food and drinks, being the highest in the country. Colorado was ranked 2nd with $1.56 Billion sales. (source)

In 2021 the Cannabis Equipment and Accessory stores industry is expected to post an annualized 2.8% increase in revenue making the total revenue up to $3.1 billion. (source)

The marijuana dispensaries in 2020 generated around $24 million in revenue. While a projection on these statistics say that in 2021 the marijuana dispensaries are said to produce over $29 million worth of revenue. (source)

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Sales of legal recreational cannabis in the United States were said to be around $22 million. The number of cannabis consumers is likewise expected to grow in the United States: by 2025, the country is projected to have close to 50 million consumers. (source)

CBD market will grow to a $3.5 billion market in consumer sales by the end of 2021. The growth rate is said to be annualized at 21.8%. (source)

If you have the dream of seeing your cannabis startup become a reality, allowing you to take advantage of this lucrative market, apply for our cannabis business loans which can provide you with the needed funds to get capital in as little as two weeks.

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Friday, May 3, 2019 Eastern US Cannabis Worker Get Paid More Than Those Out West Eastern US Cannabis Workers Get Paid More Than Those Out West

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Banks and lenders were asking me for tax returns and bank statements. They said I would only be approved for 10-15% of my income for the prior year. In the end they wouldn't approve me because I was a start up and in a high risk industry, until I found Cannabis Credit Lines. Cannabis Credit Lines got my partner and I the money that ultimately helped us successfully launch our new shop! We are extremely satisfied with how easy it was to apply and get approved with Cannabis Credit Lines.

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Customers were sending me orders and I needed money to fulfill them quickly. After approaching several lenders and getting denied (even though my business had projections and purchase orders), Cannabis Credit Lines was able to obatain the working capital I needed to grow my business.

I needed the capital for equipment and Cannabis Credit Lines worked with me from start to finish with patience and professionalism that is rarely seen in this industry. I received my funds in 12 days as was initially assessed, thanks CCL!The CBD industry scored a huge win when Congress enacted the 2018 Farm Bill, removing hemp from the list of controlled substances. Still, CBD businesses often face similar cash flow challenges as their counterparts in the cannabis industry. While there are more financing options for CBD companies vs. cannabis companies, there aren’t many viable lenders that understand the industry or offer the right interest rates. That’s where we come in.

Specializes in CBD business loans. We provide a wide range of services — including short-term loans, cash advances, invoice financing, and inventory financing — and we’ll help you secure the line of credit you need to thrive.

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Applying for financing for your CBD company has never been easier. Fill out the form below and have access to the capital you need in as little as 24 hours.

The 2018 Farm Bill paved the way for CBD and its acceptance on the federal level in the United States. Since then, cannabis laws regarding CBD or other cannabis components have been introduced on the state and national levels.

With regulations incrementally shifting, cannabis companies are inching towards complete acceptance. At this time, CBD companies are in a moment of opportunity unlike any plant sector today.

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Financing solutions, including CBD industry-specific business loans, are more available than in any other cannabis sector, allowing companies to grow, scale, and reach their full market potential easier than Delta 9 THC or Delta 8 brands.

In most cases, businesses scale by either expanding into new markets, introducing new products, buying new equipment, or various efforts aimed at forming a connection with new and potential customers.

The same applies to CBD businesses. Expanding into new markets is self-explanatory, with numerous state and international markets to consider. Growing your product line can include various options. They include rolling out additional CBD products, including flower, edibles, topicals, tinctures, vapes, and other choices made from full spectrum, isolate, or distillate cannabis.

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CBD companies can expand into Delta 9 THC production if the state has enacted adult use laws. Another option, especially if a state hasn't legalized adult use yet, is to expand into a legal Delta 8 THC line. While lawmakers often contest its legality, Delta 8 is proving to be a viable market for numerous brands in 2022.

On paper, scaling seems simple enough. But with numerous companies doing the same, every cannabis brand must demonstrate how it differs from the competition. Otherwise, why would consumers turn to you over the rest of the pack?

The rule applies across the industry. From the established full spectrum CBD lines to a startup Delta 9 or Delta 8 brand, each must find what makes its product unique and why consumers or business partners should choose them.

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In 2022, most US states saw lawmakers introduce bills related to CBD in some form or fashion. Four federal bills were introduced as well.

Companies looking to succeed in the CBD space must stay updated on regulatory movements at home and abroad. Those with the latest information put themselves in the best position to grow, scale and thrive. The task can be daunting at times but immensely beneficial when successful.

One of the more crucial decisions a CBD company must make is whom to partner with. Choosing the right supply chain partnerships can lead to growth and scalability. The wrong choices can lead to debts, damaged reputations with consumers, and closures in the worst outcomes.

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Finding the proper business financing options is one of the most critical partnerships to consider. Working with established business lenders with clear guidelines, prompt responses, and a knowledgeable support team should help your company determine its best financing options and lending partners.

Start your research by surveying customer reviews. If the company seems like they're worth talking to, ask them every question you have. Then, assess if you feel like moving forward. Don't rush the process. Take your time, or as long as you can afford on the process.

CBD brands may be able to expand through their sales platforms. Brands can utilize traditional and modern methods for sales growth. Brick and mortar may still be viable with adequate market research and analysis before going forward. Brands may succeed with a dedicated store or through partnerships with established retail locations, cannabis or otherwise, having their brand sold in stores without taking on additional debts from property rent or land purchases.

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Today, eCommerce is the preferred method in most cases. Using a company website, Amazon, third-party cannabis platforms, drop shipping, and other ways are beneficial with the right due diligence conducted beforehand. Like a retail location, companies need to assess their options and choose wisely before deciding. Otherwise, time and money could get wasted.

Cannabis companies continue to run into red tape and roadblocks due to federal cannabis laws. Until reform arrives, many companies may struggle or unsuccessfully find business financing options for their brand.

CBD companies may still run into this issue on select occasions. However, with the legalization of hemp, CBD companies can find financing lenders to obtain working capital for their CBD, Delta 8, Delta 9 or other cannabinoid-focused ventures.

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In 2022, cannabis companies have more financing solutions than ever before. While we await further legalization, CBD companies can take comfort in their legal federal status. Roadblocks still remain for those operators, but the road is much smoother than with any other cannabis brand.

With business loans and other financing solutions to choose from, CBD brands are beginning to have the access to capital they need to grow and scale.

Sure can! At , we provide access to capital to all hemp related businesses in the supply chain as well as all companies that service the supply chain. Apply today!

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In most cases, no. The majority of our financial solutions do not require any type of collateral to get approved for funding.

It’s no secret that few things are more frustrating for a small business owner than waiting for invoices to be paid. Irregular