Cannabis social equity experts warn newcomers of difficult fundraising landscape

Some predatory investors that have tried taking advantage of social equity licensee with funding deals with interest rates of up to 40%.

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A trio of Black cannabis entrepreneurs and social equity advocates warned newcomers to the marijuana trade during a Wednesday panel at MJBizCon in Las Vegas that the capital fundraising landscape is a harsh one, and that many in such scenarios wind up relying on money from friends and family or potentially predatory venture capital investors.