Funding

Many asked why did you start a gofundme they take a big percentage of the $500,000. 

If they take 20% we have $400,000 plus investors $250,000. 

Why not get a loan from the bank for this expanison. 

Ok, let us assume the bank charges 5-6% on the $500,000 loan. If we took 30 years to repay, this expanison would cost us $900,000. The bank obviously deserves $400k in interest. 

Now imagine if we had 1000 members contribute $420 in a club they could utilize all year.  That would be $420,000. Plus investors $250,000 we are at $650,000 to buy, build, and our canna-community would have no outside agencies in our pocket. 

Changes are coming, but not quickly enough. 2023 decades after medical marijuana and states passing recreational legalization, S.293 – Fair Access to Banking Act was introduced. 

International treaties prohibit banks from being involved in the drug trade. Bank CEOs face negative repercussions both personally and professionally.  

Banks are reluctant to deal with marijuana-related accounts, even though the U.S. Treasury has provided guidance. 

Many banks worry about violating federal anti-money laundering laws. Financial institutions risk charges of aiding and abetting a federal crime if they bank with a marijuana-related business. Most financial service providers have decided that the risk of doing business with the marijuana industry is not worth it.