Lenders pass on marijuana, for now

摘要

Wall Street is warming up to the idea of financing marijuana producers as the sector blossoms, but concerns with regulation and reputational damage could stop banks from lending in the short term. Banks have been wary of financing cannabis companies, which grow or sell marijuana, as it is still a federally restricted substance in the US. This is forcing companies to turn to other funding sources including private equity firms, credit unions, or direct lenders, which can command rates of up to 15%.