This is a debt investment with a set payback amount. The primary steps: Local businesses create and launch a campaign on Vicinity’s portal. It’s a regulated funding portal that helps businesses raise funds from anyone in their network and community. This focuses on sharing in the cash flow of the business through quarterly payments based on their revenue. Basically, Vicinity Capital connects local money with local businesses. Watch the video above to find out how the legal cannabis rollout is going in the most populous metropolitan area in the United States, how the push for legal weed is attracting a new class of entrepreneurs and how anti-marijuana activists are trying to slow the fast pace of legal cannabis adoption. Cash Flow: A common type of investment on Vicinity Capital is a Revenue Sharing note. And the New York state market alone could make up 10% of that, the data forecasts. The national cannabis market is estimated to reach $71 billion in sales by 2030, according to data from research firm New Frontier. The recreational marijuana market is a high-stakes affair. "Every cannabis company should be focusing on hiring people who have had previous cannabis charges and people who have come from communities that have been impacted by the war on cannabis," said social equity applicant Tahir Johnson, who's about to open Simply Pure Trenton, in New Jersey's capital city. "It is time for the operation of unlicensed cannabis dispensaries to end."Īt the same time, state officials are trying to right the historical wrongs brought about by the decades-long "War on Drugs." New York, Connecticut and New Jersey all have social equity components in their recreational marijuana programs, focusing on granting licenses to applicants with previous marijuana-related criminal convictions. "Those legitimate businesses face stiff competition from shops that are not following the rules," said Manhattan District Attorney Alvin Bragg during a Feb.7 news conference. Personal Loans for 670 Credit Score or Lower Vicinity Financial Services Greenville, South Carolina 650 followers Vicinity is the platform that gives any investor the opportunity to start building their local portfolio. Personal Loans for 580 Credit Score or Lower Thank you for using our site.Best Debt Consolidation Loans for Bad Credit By using our site, you are subject to the Terms and Conditions of Service and Privacy Policy. Securities sold under Reg CF are speculative, illiquid, and investors can lose all of their money. We do this through a FINRA-regulated online funding portal, along. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. Vicinity Capital is a platform dedicated to connecting local businesses with local investors. Each issuer is fully responsible for its offering and all information contained therein. All securities listed on this site are being offered by the applicable issuer. Vicinity does not provide any investment advice or recommendation, and does not provide any legal or tax advice with respect to any securities. Securities offered on our site are not recommended or approved by any federal or state securities commission or regulatory authority. This summary is composed by our algorithm based on the analysis of the deals. Vicinity is a Funding Portal (CRD# 307772) offering investments through this site under Regulation Crowdfunding (“Reg CF”). Save this fund for later to form your own custom list of funds. ![]() ![]() This website, Vicinit圜 (“site”), is managed by Vicinity, LLC (“Vicinity”) and Vicinity Holdings, LLC ("Vicinity Holdings").
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