FAQ for Our Illinois Cannabis License Loan Application

Posted by Good Tree Capital on 11/22/19 2:24 PM

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.

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Topics: Cannabis, Borrower, FAQ, Application

How to get a loan to fund your IL dispensary license application fee

Posted by Good Tree Capital on 11/16/19 7:58 AM

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

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Topics: Cannabis, Borrower, FAQ, Application

Webinar - How to Start a Cannabis Dispensary in Illinois

Posted by Good Tree Capital on 11/5/19 1:51 PM

Earlier this year, we presented this information to prospective adult-use dispensary applicants at our "Elev8 Our Community" event in Chicago, IL.

In this informative webinar, our Founder and CEO Seke Ballard and Elev8 Cannabis' CEO Seun Adedeji provide advice about applying for and running a licensed cannabis business in Illinois.

What will you learn:
  1. The basics of the Illinois law
  2. Types of licenses and timeline
  3. How to finance your business
  4. Social equity applicant requirements
  5. Real Estate and the Aldermanic process
  6. The Application process and Eligibility requirements
  7. Running a dispensary.
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Topics: Cannabis, Borrower, FAQ

Information to Apply for an Adult-use Dispensary License in IL

Posted by Good Tree Capital on 11/5/19 1:50 PM

The Illinois Department of Financial & Professional Regulation (IDFPR) has published a number of resources to help those applicants seeking to obtain a provisional Adult-Use Dispensing Organization license, such as:

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Topics: Cannabis, Borrower, FAQ

Discussing Cannabis Industry Application Timeline with Chicago Tribune

Posted by Good Tree Capital on 9/3/19 8:14 PM

 

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.

 

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Topics: Cannabis, Press, Application

Is Large Cap Cannabis Stock Investing a Bubble That's Ready to Burst?

Posted by Seke Ballard on 6/11/19 9:48 AM

The gradual state-by-state fall of cannabis prohibition is proving to be a huge growth driver for the legalized industry.
Nationwide cannabis sales topped $10.4 billion in 2018 and are expected to grow to $16 billion by 2020. States that have legalized cannabis are experiencing robust job creation and large tax revenue windfalls. Moreover, the industry is hyper fragmented and no single operator has a dominant position.

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Topics: Investor, Cannabis

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