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Not for the same motivations, but a lot of legal cannabis businesses do (or did) something nearly similar to get around not being able to use the banking system
by FireBeyond 2y ago
Not for the same motivations, but a lot of legal cannabis businesses do (or did) something nearly similar to get around not being able to use the banking system:
Buy the building or even lease it with a sublet clause using a separate entity, and then lease/sublease the space to the cannabis business with the lease fee being, for example, "90% of gross revenue". I'm not sure on the details of how operating funds were pushed back in.