Todd Kleperis heads an organization that uses unmarked armored vehicles and heavily-armed men (including veterans) to shuttle bundles of marijuana and bags of cash throughout southern California. He doesn’t like to talk about the details of his operation and his drivers avoid federal checkpoints at all costs.
Yet what might sound like a criminal endeavor is a legitimate operation licensed by the California Bureau of Cannabis Control. Kleperis is CEO of Hardcar Security, one of a growing number of companies serving the growing marijuana industry. Hardcar is experiencing triple-digit growth and on track to “do a couple hundred million [dollars]” within the next few years.
But it lacks access to traditional financing, Kleperis says. “We can’t get a regular traditional loan to buy trucks. We’ve been turned down multiple times. There really isn’t any traditional financing available for the industry.”
Full Article / Source: www.bai.org