IFR International - 03.11.2018

„ FRONT STORY NORTH AMERICAN MARKET

Lenders pass on marijuana, for now

Banks wary of financing cannabis firms over regulation and reputation

As US states take steps towards legalisation, sector’s financing needs will increase

Wall Street is warming up to the idea of
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Jonathan Schwarzberg

“We’re starting to see that

banks are really eager to
[finance these companies],

but a lot of times a deal is

going through and someone
in the general counsel’s office

will pump the brakes”

LOANS

China  Hong Kong  Japan  Taiwan  France  Germany  Italy  Norway û UAE û

UK  United States  Leveraged Loans û Restructuring 

“You have to be concerned

with the reputational risk.

We haven’t been approached

yet by any [marijuana]

companies, but why would

we do that?”