"Investment firms see cannabis as a growth industry"
Crain's Cleveland Business
May 11, 2019
Excerpt from article:
"There is still a lack of access to financing," said Tom Haren, a cannabis lawyer with Frantz Ward. "But the fact that traditional financial institutions are not participating in the market has opened up a huge opportunity to private equity and venture capital to play in the space and fill the need."
"The borrowers are expecting cash flow in a business you won't see in other industries, so they can manage those higher rates," Haren observed. "That's why deals are still happening."