The cash amount in your head and the cash you actually need are not the same number. That gap is where most cannabis businesses break. Joe Lustberg has financed operators across the country for years and watched that gap swallow businesses that looked fine on paper. He has also spent over two years paying rent on a Hamptons dispensary he cannot open because a municipality tried to rezone his property out from under him. The person telling you to build in 1.5X as your burn capital cushion has been living inside exactly the scenario he warns everyone about. When the lender financing your industry has lived the same nightmare, the advice changes. This week we sit down with Joe Lustberg, to discuss the following NY Regulatory Battlefield 280E Gone: What Changes Lending Specifics
The number in your head and the number you actually need are not the same number. That gap is where most cannabis businesses break.
Joe Lustberg has financed operators across the country for years and watched that gap swallow businesses that looked fine on paper. He has also spent over two years paying rent on a Hamptons dispensary he cannot open because a municipality tried to rezone his property out from under him. The person telling you to build in 1.5X as your burn capital cushion has been living inside exactly the scenario he warns everyone about.
When the lender financing your industry has lived the same nightmare, the advice changes.
This week we sit down with Joe Lustberg, to discuss the following
Chapters
00:00 Navigating the Cannabis Landscape: A Personal Journey
02:51 Understanding the Financial Risks in Cannabis Operations
06:01 The Importance of Burn Capital for Cannabis Startups
09:02 Lending Dynamics in the Cannabis Industry
11:55 Market Trends and the Future of Cannabis Financing
14:51 The Impact of Rescheduling on Cannabis Operators
18:01 Identifying Strong Operators in a Competitive Market
21:05 Evaluating Financial Health: Key Indicators for Success
26:01 Evaluating Limited Markets: The Ohio Perspective
28:24 Navigating Unique Financing Requests
29:12 Surprising Success Stories in Cannabis Financing
32:04 The Importance of Experience in New Ventures
35:46 Identifying Undervalued Markets in Cannabis
38:00 The Future of Cannabis Markets and Interstate Commerce
Guest Links
https://www.linkedin.com/in/joseph-lustberg-23076722
Our Links:
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