PALM SPRINGS, Calif., July 18, 2019 (Newswire.com) - PRESS RELEASE - California-based HARDCAR has announced that it has secured a multi-billion dollar bank and now has the ability to offer cannabis loans and financing options for businesses looking to expand their operations. The company has been working on this strategic partnership for the last three years, and is proud to be able to offer finance tools for the cannabis and hemp space.
For the first time in this adolescent industry, cannabis businesses now have the ability to secure funding for licensing, facilities, equipment and anything else they need in order to stay compliant and grow their operations. New programs developed by HARDCAR have provoked interest from banks on this program, enabling more financing options across the U.S.
“In the beginning, cannabis banking was only for high-revenue cannabis businesses because banks could justify the larger expense to monitor and process all transactions. Nowadays, banks are accepting smaller businesses and the pace of adoption has radically increased," said Todd Kleperis, HARDCAR CEO. These new loan services bring a whole new dynamic to the cannabis industry and we’re proud to lead the industry with the largest collection of financial options. Now any CBD or Hemp location can apply for traditional land loans, and very shortly, THC locations will be able to do so as well.”
HARDCAR has established itself as the cannabis industry leader in Cash-In-Transit (CIT), cannabis banking and vaulting, and cannabis financing with more channels than any other firm across the nation. They currently operate out of 11 states, plus Washington D.C., and have plans to expand into three more states by the end of 2019.
CBD, hemp and cannabis all have a vital role in America's economy, and some projections now show the entire market to be upwards of $200 Billion by 2030. In an industry fraught with issues and questions, HARDCAR continues to lead the country in the secure transport of cannabis cash and the product, cannabis banking and cannabis financing.
