We have seen an increased number of requests for purchase order financing in the Cannabis industry. This typically includes the purchasing of seeds from suppliers. Our clients are either distributors or sell to distributors within the Cannabis industry.
While Cannabis is not Federally regulated, other products within the industry are. For example, the popular CBD supplements in the market today can be financed by a broad base of lenders within our network. CBD products are used for both human and animal treatments. My vet uses CBD when my dog goes in for a grooming. These CBD products are the preferred alternative when calming animals for procedures of all types. People take CBD for general relaxation and pain relief. The organic nature of the product is the main reason it is taking over in popularity from the synthetic options.
The other product in the industry, the Hemp seed, has been legal for many years and has been used to make clothes for decades. It’s durable and organic, making it the preferred choice for some.
It is our opinion that the demand of Hemp and CBD products will continue to increase for the foreseeable future. Huntington Coast Capital wants to be a part of this high growth industry. If your business is in the Cannabis Industry and in need of purchase order financing, we would like to speak with you. We are also able to finance real estate and equipment in the industry. Call us to discuss the options 714-719-8966.
Huntington Coast Capital, Inc.