Are you a social equity applicant interested in applying for a loan to finance your cannabis business? Our online loan application is now live. We have put together this FAQ to help you understand the loan application requirements.
As you know, the applications for adult-use cannabis dispensary licenses are due to the state on January 1, 2020. Good Tree Capital is going going to provide loans for up to 100 social equity applicants to finance the non-refundable $2,500 application fee.
Here’s what you need to know about applying for a loan with us:
But first, if you haven't done so, fill out the form
Illinois was the first state to legalize the sale and use of recreational marijuana through legislation. We have praised the bill and consider it to be the "gold standard" for its progressive social equity components, such as reduced application fees and the grants and loans for those affected by the war on drug s. But there is much to do in order for qualified applicants in Illinois to start benefitting from these programs. With application deadlines quickly approaching, those people who want to start a business in the Illinois cannabis industry need to start working towards that goal now. Time is of the essence, as illustrated in the visual below.
CEO Seke Ballard shares his thoughts on the current situation in Illinois with CHICAGO Tribune reporter Ally Marotti stating, “If we don’t get the execution phase of the bill right ... it undermines the whole possibility that we have equality and access.”
Read the full article here.