Marijuana companies seeking loans must be careful to avoid the trap of predatory lenders

Article was originally posted here

(This is an abridged version of a story that appears in the February issue of Marijuana Business Magazine.)

Predatory lending, which gained special notoriety during the early 2000s, can debilitate a marijuana entrepreneur who’s trying to start or scale a business.

Predatory loans typically involve a lender who relies on unfair or misleading tactics to entice a borrower to sign for a loan with a huge interest rate or other terms that are bad for the borrower.

Marijuana companies are especially

This post is from Marijuana Business Daily. We encourage our readers to continue reading the full article from the original source here.