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Marijuana Processing Blog Posts

By First American Merchant

Feel free to give us a call for more info 1-800-210-5649

FAM Provides Marijuana Business Loans

Several states have now legalized marijuana use and consumption. If your state has legalized medical marijuana or recreational marijuana, it is still quite difficult to get a business loan. Marijuana merchants are almost universally turned down by traditional financial institutions. Even with a fantastic business model and great business plan most lenders are still weary to provide minimal support to any marijuana business, since the federal government still outlaws the sell and distribution of marijuana. Yet having working capital is essential to every type of business, especially those in such a new industry. Marijuana business loans from alternative lenders are […]

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US Cannabis Industry Funding

25 states in the US have already made the cannabis industry legal either for medical or recreational purposes. However, it is still illegal on the national level. Raising enough funds to start your own business is not that easy. Big Players and the Right Investments When it comes to major players in the field, they want to see how state and local corporations come into play. Microsoft has recently become the 1st  major company to announce its participation in the sector and partnered with Kind Financial. The latter helps businesses and government agencies track sales of legalized marijuana. According to […]

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Marijuana Industry is a Buzz-kill For Banks

We all knew it was coming. Banks and mainstream merchant account processors are not wanting to deal with legalized and medical marijuana merchants. These companies are prone to having a higher risk of fraudulent activity, therefore higher fees for the banks to pay out. Banks are stingy with their funds, so you can see why these businesses are turned down for merchant accounts. While it might seem like a good idea to have a cash-only business and forgo plastic card payments all together, it is not in this type of business. Medical and legalized marijuana merchants also have a higher […]

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