CANNAINVESTOR Magazine July 2017 | Page 131

When a Cannabis Business inquires about financing and services, The first step is screening the business to identify if they have the basic requirements. Insure Your Green is the first step in the process. Insure Your Green will verify that the company has a current business license to conduct business in the state they are working in. Insure Your Green will do an extensive background check on all principals of the company and stock holders holding more than 20% ownership in company. Insure Your Green will request business & personal bank statement from owners, and the last 2 years of personal and business tax returns. Prospective companies will also be required to provide a year-end profit and loss statement and balance sheet.

131