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Last Updated on by Aardvark

While most lenders have restrained from servicing or extending credit to the state-licensed cannabis industry, StandardC’s lending network has broken new ground, offering cost-effective financing.

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StandardC’s lending partner has extended a $5 million loan from their newly established $200M fund to a leading marijuana cultivator in a groundbreaking move.

Robert Mann, CEO of StandardC, said, “for too long, the cannabis industry has been unable to obtain loans and lines of credit without paying a ‘Cannabis Tax’ where lenders charge exorbitant interest and fees. Our network is enabling a consortium of lenders that can offer cost-effective real estate loans, lines of credit, and more.”

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The post StandardC Network Establishes $200M Cannabis Lending Fund appeared first on Cannabis Stock Trades.

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By Aardvark

How's it going fellow growers and smokers! I'm the Aardvark and have been growing and doing grow shows online for many years now. I have helped various companies launch as well as helped test grow for specific breeders trying to prove out certain strains and traits.