Fledgling cannabis companies may have two banks to look to for loans in the near future.
Swansea-based BayCoast Bank says it's looking into offering loans directly to cannabis clients, and talking with GFA Federal Credit Union about how both banks might offer debt financing to cannabis-linked companies.
Like GFA, BayCoast currently provides loans to real estate owners who lease to cannabis-related businesses, but hasn’t yet moved to directly lend to dispensaries or cultivators. But weeks…
