Keep reading for definitions and exceptions….
#californiacannabis – “California law requires finance lenders to obtain finance lenders licenses (which I define below). This is a general legal requirement and does not only apply to cannabis lenders. The licenses are issued by the California Department of Financial Protection and Innovation (DFPI). DFPI’s license process is complicated and requires background checking. In other words, it’s not a simple process. And violating these laws can lead to monetary fines or even imprisonment.”