Kevin Hart, founder and CEO of Green Check, led a panel called “Bank In Your Own Building: Optimize Your Cash Flow” at Benzinga’s Cannabis Conference. Hart shared that at the beginning of cannabis legalization, it was nearly impossible to get banks or credit unions to even meet with cannabis companies.
When companies would get meetings, they were met with outrageous rates. In many ways, the cannabis industry has had to adapt and be very innovative with banking to get around the red tape. One thing that became popular was the idea of banking in your own building. This looks like getting 100% provisional credit based on the company’s sales that day without the money having been moved. This concept is starting to be more widely adopted.
Interested in learning more about the Benzinga Cannabis Capital Conference? Get more information here.
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The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!