A few years ago, I wrote a corporation program & submitted it to the bank.
- I wanted a loan to open a medical & recreational marijuana dispensary; Unblessedly, the bank did not suppose a medical & recreational marijuana dispensary was a superb investment & they refused to sign off on the loan.
I went to a couple of different financial institutions, although I did not have any luck. Even with a 720 credit score, the banks were hesitant to provide me a loan for a medical & recreational dispensary. I was beginning to lose hope, & after that the two of us met a guy that was very interested in being our silent partner! He was willing to put up numerous million dollars for the project, as long as he retained 51% of the ownership & 51% of the profits. At the time, it was our only option to get the project started. I had enjoyable ideas, however no cash to implement them. Things work out absolutely well in the beginning, however our silent partner wants more voice going forward. The last couple of months have been tough & the two of us have struggled to agree on a past moving forward. Each one of us has different ideas, & this is the single reason why I did not want a corporation partner. I did not want someone to tell me how to run the business, but now I am stuck between a rock & a hard place. I don’t have the cash to buy out our partner & the two of us have to find a way to get along for the sake of the medical & recreational marijuana dispensary.