Fundraising for cannabis-related businesses is challenging due to the legal complexities and investor hesitance towards vice industries like cannabis.

Working with cryptocurrencies can be complex, and banks may struggle to accommodate companies in this space due to regulatory uncertainties.

We build cannabis SaaS products, including retail point of sale systems and inventory management, processing over $10 million in sales per month.

The cannabis industry is still young and faces challenges with capitalization, often ceding ownership to larger companies, which can disadvantage original advocates.

The cannabis industry faces high taxation, including a cultivation tax of around $150 per pound and a 15% excise tax on wholesale value, contributing to high retail prices.

The cannabis market isn't sophisticated yet, and many businesses struggle to secure investment without proper licensing.

In California, 80% of cannabis sales, including the black market, originated from the state, making it a significant market for cannabis distribution.

To ensure cash flow, we asked our merchants to pay $500 per month, requiring six months' payment upfront, which made my company cash flow positive from the second month of service.

We had a mix of funding sources, with about half coming from smaller angel investors who are forward-thinking and see the cannabis industry as the end of Prohibition.