ACCCE On Demand – Community Discussion: Cannabis Credit Risks

Level: Intermediate

In a comprehensive community discussion available to ACCCE members, we explored the dynamics of traditional credit and its implications for risk management in the commercial cannabis sector. This discussion holds particular relevance for commercial cannabis businesses seeking financing with interest rates below 20%.

Tim Rademaker, CCCE, the President of Trellis, a banking executive with more than a decade of experience and Ryan Miklusak, CCCE, the COO of Trellis, more than a 15 years of experience in financing, join ACCCE for a high-level analysis of the various risks inherent in the commercial cannabis industry that must be navigated when applying for more affordable financing options. Currently, private lenders are imposing interest rates exceeding 30% on commercial real estate and it is hard to find other types of traditional financing. However, to access lower-cost financing from traditional institutions such as banks and credit unions, commercial cannabis risk managers must convincingly demonstrate their capacity to mitigate risks to their business’s future revenue streams.

Key topics covered in the interview include taxation challenges, the persisting illicit cannabis market, and risks associated with labs. These insights offer valuable guidance for commercial cannabis businesses aiming to secure financing on more favorable terms.

ACCCE is committed to empowering professionals in commercial cannabis risk management.

#CannabisIndustry #RiskManagement #CannbaisBanking #cannabiscredit #RiskManager #ACCCE

This is an ACCCE On Demand video, accessible immediately after purchase.

Continuing Education: 1 hour

Learning Objectives

* Understand the illicit market red flag

* Understand tax risk

* Understand Lab COA red flag

Who Should Attend

• Risk Managers
• University Students
• Financial Institution Commercial Cannabis Credit Risk
• Financial Institution Regulators

Region

• North America
• Global

Industry

• Financial Institutions
• Commercial Cannabis Business’s