Despite the cannabis industry’s skyrocket growth, one of the biggest challenges the cannabis community faces is limited access businesses have to capital and financial services. While all businesses need these kinds of tools to grow, the absence of traditional financial institutions has meant that brands, distributors, and retailers must rely on efficient cash-only operations.
In 2019, LeafLink launched LeafLink Financial (LLF) to help address challenges related to credit management, payments, and financing. Since then, they have helped fuel more than 750 licensed cannabis businesses across US markets. Today, Josh Hirschey, CFO of Timeless Vapes will sit down with Doug Gordon, EVP and Head of LLF, to talk about how the service has grown, why sophisticated financial services are key to growing the industry, and what challenges still lie ahead for the cannabis community.
