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Traditional Banks Won’t Lend to Cannabis Industry Companies, but eQcho Capital Will
Published by California Business Journal
With banks ignoring the burgeoning and underbanked $55B ‘weed’ industry because of fickle laws, Robert Kerr created an alternative funding source for it.
As a banker in Portland, it wasn’t unusual for Robert Kerr to field inquiries from dozens of cannabis industry executives. After all, Oregon was the first state to decriminalize possession of small amounts of marijuana and among the first to legalize the sale of it. But as a lender at Opus Bank, he couldn’t give them a penny.
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