Our next guest has years of experience in cannabis investing, including financing, fund management, and consulting for early-stage cannabis businesses. He advises entrepreneurs looking to gain in-depth expertise on raising capital or securing financing, working with investors, and the legal ins and outs of starting a cannabis business.

More private lenders are entering the space and bringing with them innovative approaches to working with cannabis businesses. These lenders are not afraid to maneuver around historic industry barriers to financing and are opening up to cannabis companies' lending opportunities that have been available to other industries for decades.

For starters, cannabis businesses with assets can now use those assets as collateral for a loan. If the business already owns property or a building, for example, or if it has substantial stockpiles of equipment, these assets can be utilized to take out a loan against the value of these assets. These loans are classified as real estate loans or equipment loans.

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