CBD Deals

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December 19, 2020

by a searcher from Providence College in Providence, RI, USA

There's been a huge growth in the CBD industry and many CBD Dispensary owners are looking to sell their CBD business. Most searchers are afraid to get into this sector due to the difficulty in securing financing. I'm wondering if there are lenders that finance CBD deals. Is it even possible to secure SBA financing for CBD deals?

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Reply by a searcher
from The Tulane University of New Orleans in Miami, FL, USA
There are niche nu banks that specialize in providing banking services for cannabis businesses that would otherwise be unbankable. One is Abaca which was recently acquired by Safe Harbor. (https://shfinancial.org/cannabis-banking/). I believe they do business loans as well.
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Reply by a searcher
from University of North Carolina at Charlotte in Charlotte, NC, USA
I've got a CBD deal in my pipeline, I'll let y'all know if Safe Harbor finances acquisitions.
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