The cannabis industry and their working capital needs
Many startups in the cannabis space have successfully identified a profitable vertical. At the same time, many haven’t planned for their working capital needs.
With entrepreneurs rushing to capitalize on the new industry, many haven’t created their business plan, financial projections, or budgets. Given the relatively new space, benchmarks or historical data are more or less nonexistent as well. Planning can be a challenge for these new business owners.
As the industry grows rapidly, so does the working capital needs of many of the businesses. Businesses may focus on any on of the following verticals:
Rapid Funders can help cannabis businesses with short-term working capital to help with equipment purchases, go-to-market investments, or even basic day-to-day operating expenses.
To learn more about how Rapid Funders provides solutions to marijuana or cannabis related businesses, click here.