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Part 1, 2 & 3: Marijuana business owners can’t buy a home

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Part 1: Marijuana business owners can’t buy a home

 

Southern Oregon — Buying a home is a big and expensive step for anybody.

 

Most often, people go to a bank to get a home loan to make it possible.

 

But imagine your loan application was rejected, despite the fact that you have significant amounts of cash.

 

That’s what marijuana business owners are currently facing in Southern Oregon.

 

In the state of Oregon, owning a marijuana business is very much legal. But if the owner wanted to use money from that business to buy a home, as of today, they wouldn’t be able to....

 

 

 

https://kobi5.com/news/local-news/part-1-marijuana-business-owners-cant-buy-a-home-78426/

 


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Part 2: Marijuana business owners can’t buy a home

 

Southern Oregon — The federal illegality of marijuana is preventing cannabis business owners in Southern Oregon from buying a home.

However, Oregon’s legislators think the issue could potentially be fixed.

 

“The last thing you want is to have billions of dollars running around the country… Outside our electronic banking system,” Senator Merkley said.

 

“People are going to run their business in cash and then walk around in the middle of the night with their money in a wheelbarrow? This is just absurd,” Senator Wyden said....

 

 

 

https://kobi5.com/news/local-news/part-2-marijuana-business-owners-cant-buy-a-home-78438/


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Part 3: Marijuana business owners can’t buy a home

 

Southern Oregon — When it comes to marijuana, banking, and home loans, the situation is very complicated.

 

Federal marijuana laws are preventing cannabis business owners in Southern Oregon from buying a home, but a Medford company called “Pacific Capital Solutions” says it can help marijuana business owners get a home loan.

 

“Peer-to-peer lending is kind of what it’s considered… One person lending to another,” Hawkins said.

 

Morgan Hawkins is an owner of Pacific Capital Solutions in Medford.....

 

 

 

https://kobi5.com/news/local-news/part-3-marijuana-business-owners-cant-buy-a-home-79843/


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