The company handles mass production, in-house fulfillment, distribution, customer support, and reverse logistics. “There are still so many questions in here, where questions can’t be answered,” he said. specializes in developing and distributing consumer video and audio transfer products in addition to other consumer technology products. Stuart Ingle of Portales warned that it may be difficult to fully recover loans from marijuana farmers and highlighted a lack of farming and ranching experience among board members at the New Mexico Finance Authority. “We anticipate that most of them will not have current financial statements,” Russel said.Įxperienced medical marijuana companies would not qualify under proposed lending rules aimed at helping small, newly licensed growers. State cannabis and finance regulators acknowledged that challenges likely lie ahead in vetting small loan applications from unproven business in a startup industry emerging partly from the black market. Russel says the program would draw on idle loan reserves, including unspent money set aside for critical services during the coronavirus pandemic. The proposed loan program would be underwritten by the state’s Economic Development Revolving Loan Fund, which helps stimulate the economy in remote regions of the state. Step-by-step pictorial instructions guide you through the process. All you need is a VCR/camcorder and a Mac.
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“There is not a space for a small business to get a loan of this sort.” Hello Select your address Software Hello, Sign in. If you are a startup cannabis microbusiness, you can’t go to a bank, you can’t go to the Small Business Administration,” she told legislators.
New Mexico Finance Authority CEO Marquita Russel, an architect of preliminary rules for the loan program, said traditional business loans are still scarce for small-scale cannabis entrepreneurs. Expanding Vidbox in Mexico Netflix co-founder Mitch Lowe announces a million dollar investment to boost on the Vidbox startup in Mexico and expand operations through all the country taking the expansion to one of the most important cities in the country (Guadalajara) replicating with this the success that Redbox had on the United States. China reports major drop in virus cases in locked-down Xi'an