THE HIGH ROAD: FINANCING YOUR COMPANY #1 - DEBT VS. EQUITY
by David Kemp
You've got the seeds of a million dollar business - maybe you've been growing weed for years and you've been developing new strains and varietals, maybe you've discovered the most efficient way to extract oil from cannabis and hemp, or maybe you make the best pot brownies any of your friends have ever tried. But how do you get started? What's the first step to making it all happen?
In the immortal lyrics sung by Liza Minelli in Cabaret, “Money makes the world go around, the world go around, the world go around – a mark, a yen, a buck or a pound – is all that makes the world go around…”.
While Neil DeGrasse Tyson might happily explain that gravity, not money, actually makes the world go around, there’s no doubt about the importance of money in making things happen - whether you’re building the next Aurora or just creating the local craft cannabis cultivation business you’ve always dreamed of, you’re going to need some kind of financing. If this resonates at all with you, we hope you’ll find this series of articles helpful for learning about methods of raising money, where money comes from, and how to stay on the right side of the law when raising money.