The CBD Market has grown exponentially over the past 5 years. This demand is opening up a need for purchase order financing for the Cannabis industry. Suppliers, bombarded with orders need additional capital to keep up with demand.
Once an “alternative medicine” it has now become mainstream. Cannabidiol (“CBD”) can be found on the check out counters at major drug retailers, your local veterinarian’s office and neighborhood liquor store. Benefits are numerous and have been linked to relieving pain, reducing anxiety and depression, possibly alleviating cancer symptoms and even support heart health.
Hemp-derived CBD products (with less than 0.3% THC) are legal on the federal level, but are still illegal under some state laws. The federally legal CBD is where all the growth is and where the demand for purchase order financing for the Cannabis industry is crashing down the lender’s doors that are deploying capital in the industry.
Huntington Coast Capital secures financing for the Cannabis industry. Financing for equipment, real estate and supply chain lines are also available. If your company is in the industry and could benefit from purchase order financing for Hemp and CBD products, we would like to assist you in the growth of your business. Call us to discuss your financing needs (844) 239-2632.