- by LK Hewlett
St. Kitts and Nevis (WINN): June 25, 2018 – With Canada recently legalizing marijuana for recreational use and a number of Caribbean countries contemplating taking that step, Invest Caribbean Now, a global private sector investment agency of the Caribbean, has announced it plans to make millions of dollars available to the region for marijuana production.
According to the investment company, it will help facilitate loans from US 1 Million up to $50 Million.
The loans, however, cater to funding the growing of marijuana for medical purposes.
Invest Caribbean Now says “As Caribbean nations continue to focus on legalizing medical marijuana in the region, financing for loans to grow and funding for commercial buildings has become a top priority. To cater to this need, Invest Caribbean Now, the global private sector investment agency of the Caribbean is now offering the option of loans on land deals and commercial real estate properties to qualified medical marijuana entrepreneurs in countries where the herb is legal.”
The loans would come from ICN’s private funding network and will be determined on a case by case basis, based largely on 55 percent of the appraised value of the collateral and the strength of the borrower.
Invest Caribbean Now says whether the borrower is looking to fund a grow operation or a dispensary, there are lending and financing options now available to Caribbean nationals as well.
