Although legal in 34 States, the medical marijuana industry faces a significant hurdle to growth. Funding for the industry is scarce. Most commercial banks are limited by Federal regulations or too risk-adverse to enter the picture. The Progress Fund recently closed on a $700,000 loan with The Healing Center (THC) in Washington, PA to complete their permanent financing. We believe their rapidly expanding list of patients validates the importance of this healthcare option.
Read more about THC and our gap financing.