Photos: Lending money to legal pot businesses: ‘Not for the faint of heart’
Kyle Kazan, managing member of AP Investment Fund, a private lender to marijuana businesses, photographed at Bud and Bloom, a Santa Ana marijuana dispensary that got a $2-million loan from Kazan’s firm.
Despite California voters’ approval last month of Prop. 64, which legalized recreational marijuana, and coming ground rules for pot businesses set to take effect in 2018, it remains difficult and expensive for companies that want to grow, process or sell marijuana to borrow money.
