How To Get Funding for Your CBD Company in Canada
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The legalization of cannabis in Canada in October 2018 has led to the billion-dollar cannabis industry. Starting a legal cannabis business isn’t without obstacles. The laws and regulations surrounding cannabis are constantly evolving, and business owners must keep up with them. You can pursue many cannabis-related businesses, including cultivation, retail dispensaries, and infused CBD products. Financing Options Even though the cannabis industry is legal, many financial institutions consider cannabis companies high-risk. Small businesses can find private financing through angel investors and professional investors. It may be a good idea to start with a small inventory and grow as you save up the funding. There’s always the option of saving the capital on your own and avoiding any financial obligations to a bank. Depending on the size of the business, it may be possible to get personal loans from banks with good credit and proof of income.