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The cannabis industry has long struggled with limited access to traditional financing. With federal restrictions still in place, many businesses are left to navigate an uneven playing field when it comes to working capital. This week, FundCanna announced a first-of-its-kind solution: an automated business-to-business (B2B) Buy Now, Pay Later (BNPL) platform designed specifically for cannabis companies.

The Justice Department made an announcement earlier this year to move Cannabis to a Schedule III drug, which is a less harmful drug, but it