Welcome to South Florida Funding Group – Your Business Funding Source
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Cannabis Business Loan

The cannabis business is an expanding market with significant growth potential. New uses for the product appear on an almost daily basis. Unfortunately, due to the nature of the business, securing a cannabis business loan for a cannabis-based business can be difficult. Traditional lenders for business loans often refuse loans based strictly on the controversial nature of the product.

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How to Start a CBD Business

First of all, what is CBD?

Cannabidiol (CBD) oil comes from cannabis and hemp plants. Unlike its cousin tetrahydrocannabinol (THC), which comes from the same plants, CBD oil does not have psychedelic effects on the brain. In other words, it does not produce the effect of a “high” like smoking marijuana does. Instead, the substance is praised for the positive effects it has on the health and wellness of users. It provides relief from a myriad of symptoms from various diseases and ailments, especially pain and physical discomfort.  

Since its legalization in the US, the market for CBD and other hemp products has exploded all across the country. In Florida alone, the number of medical cannabis dispensaries has increased from just 24 in 2017 to over 200 in 2019 and continues to rise. With a 400% increase since 2017 in the number of patients in Florida who use CBD to relieve the symptoms of various ailments, it seems apparent that this trend is not going to change direction any time soon.

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Alternative Business Funding for Cannabis Businesses

As an owner or prospective owner of a legal cannabis business knows, finding the initial capital and maintaining funds for a cannabis business is a difficult process. Many banks flat out refuse to provide loans for completely legitimate cannabis businesses, and banks may close the accounts of those running the businesses as well. However, there are alternative business funding options for opening cannabis businesses as well as funding existing businesses.

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The business funding you need when others say No!.

2569 Bay Pointe Dr.
Weston FL 33327

Email:
drew@southfloridafundinggroup.com 

786-544-2700

DISCLAIMER

 The operator of this website is NOT a lender, does not make offers for loans, and does not broker online loans to lenders or lender partners. Customers who arrive at www.SouthFloridaFundingGroup.com are matched with a lender or a lender partner, who offer business loan products or credit repair services.