Cannabis in Canada: Big Banks Are Missing a Boom

KushCo Holdings, a company that sells packaging and supplies to the cannabis industry, would love to borrow money from a real bank. CEO Nick Kovacevich wants to secure up to $30 million in revolving credit, so he can hire more employees and build new warehouses. But a line of credit or loan of that size isn’t an option because traditional banks are not willing to lend to marijuana businesses. Even though Canada legalized recreational marijuana…
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