Lawyer Up: Can You Use Cannabis Income to Get a Loan or Mortgage?
The short answer: potentially yes, but options are limited.
It’s no secret that cannabis businesses have struggled for years to gain access to banking and other financial services.
What’s not often talked about is the fact that the banking crisis facing the industry also affects nearly a quarter of a million people who are employed in the cannabis industry. This week we’re taking a look at whether cannabis workers can use their income to qualify for loans and mortgages.
Over the last several years, cannabis workers have been sharing frustrating stories of instant loan denials.
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