If your business involves producing and distributing cannabis, there’s a chance that your facility might not have cannabis testing equipment. If so, then you should consider getting cannabis testing equipment financing.
Now, cannabis testing equipment financing might not be a priority for you. In fact, there is also a chance that some cannabis businesses don’t want to consider getting cannabis testing equipment financing at all.
Not getting cannabis testing equipment financing can be understandable.
In your line of business, you have other things to worry about because your products aren’t even legal in all states yet.
However, to completely disregard the thought of getting cannabis testing equipment financing would be a mistake. If you aren’t careful, the quality of your product could be compromised.
Luckily, this blog can guide you to understand the importance of maintaining quality through cannabis testing equipment financing.
Why Should You Invest in Cannabis Testing Equipment Financing?
No matter how careful you might be in your business, there is always a chance of contamination. This is especially true without cannabis testing equipment financing.
In reality, cannabis testing equipment financing is a vital step in completing the process of your business. Think of cannabis testing equipment financing as investing in security checks for your products.
There are also business owners who run cannabis testing labs specifically for cannabis growers. Such testing labs often get their start with cannabis testing equipment financing.
Cannabis testing is likely to become mandatory in states in the future. Several states have already implemented cannabis laws for cannabis testing.
The regulations vary from state to state but are generally concerned with ensuring the safety and quality of the product.
Cannabis growers and those who run cannabis testing labs should follow these laws. Otherwise, they may be held liable for failing to detect contaminated cannabis products.
Other than that, why would you need cannabis testing equipment financing as a security check? Well, cannabis can be tainted in a number of ways that can’t be detected without cannabis testing equipment financing.
How Cannabis Can Be Contaminated
Cannabis is very prone to contamination by certain substances. Without proper cannabis testing equipment financing, these contaminants can easily be overlooked.
Some of these contaminants can even be considered as naturally occurring, and that’s why they’re hard to notice. These contaminants include:
- Residual solvents,
- Heavy metals,
- Mycotoxins, and
- Microbial pathogens.
It's highly possible for contamination to happen through unintentional means. So if you don’t get cannabis testing equipment financing, these contaminants might not even cross your mind.
Cannabis can be contaminated unintentionally due to heavy metals from the soil or water used to grow the plants. These heavy metals can be arsenic, cadmium, lead, or mercury.
Pesticides can also contaminate cannabis.
It’s widely known that these pesticides (herbicides, insecticides, and fungicides) can increase cannabis crop yield. However, these pesticides can be very toxic once they enter the human body.
For example, an over spray of fungicides on commodities like almonds and grapes could spread to neighboring cannabis plants. Fungicides could also produce hydrogen cyanide gas when exposed to flame, like when cannabis is smoked.
Some pesticides are also sometimes intentionally sprayed on cannabis plants to increase crop yield. In this case, you will have an abundance of product, but also an abundance of health hazards.
How Cannabis Can Be Tested
Now, you might be wondering why there’s specific cannabis testing equipment financing. This is because cannabis testing can be very meticulous.
Around 500 compounds should be tested during the analysis of cannabis. These compounds include:
- Amino acids,
- Hydrocarbons, and
Now, when cannabis is tested, a lab is mainly concerned with compliance data. These pertain to protocols mandated by a state's regulatory body.
These tests must then reach the state's standards in order to be cleared for sale. The regulations and standards, however, can vary from one state to another.
This is where cannabis testing equipment financing comes in. You have to invest in proper equipment if you want your product to be cleared for sale.
What Should Your Cannabis Be Tested For?
As mentioned before, cannabis has a lot of compounds. Specialized cannabis testing equipment financing excels in keeping those compounds pure, and the quality of your products high.
Firstly, your equipment should be able to accurately determine the potency of your product. This is mainly because some patients monitor their THC or CBD intake for self-medication.
Cannabis must also be tested for contaminants. Chemical contaminants can come from pesticides and artificial growth hormones.
Solvents like butane, xylene, and ethanol can also contaminate the plant during the extraction process. On the other hand, microbial contaminants could come from the presence of mycotoxins like fungi, mold, and mildew.
These contaminants could even be introduced by improper handling and packaging. Cannabis could also be contaminated by physical contaminants like dust, hair, and even fecal matter.
So, through cannabis testing equipment financing, you can be reassured that your products are well maintained.
Are These Tests Compulsory?
There are no federal regulations for cannabis testing because cannabis isn't legal on a federal level in the US. Therefore, cannabis testing and implementation are left up to each state to determine.
However, the fact remains that cannabis must be as safe as any other consumer product.
This is mostly because there are patients who take cannabis for health purposes. These patients also most likely have weaker immune systems.
With this said, cannabis business owners and scientists are solely responsible for the success or downfall of the cannabis industry. This is why investing in cannabis testing equipment financing can be seen as vital.
Without cannabis testing equipment financing, low-quality cannabis can negatively impact your business. Alongside this, it can also negatively affect the industry.
How to Finance Your Own Cannabis Testing Equipment
Luckily, you can maintain the quality of your cannabis products with specific equipment. You won’t even have to worry about shelling out all your money because you can get cannabis testing equipment financing.
Companies like Trust Capital have made it easy even for startups to avail of cannabis testing equipment financing. They only have simple requirements for those seeking cannabis testing equipment financing:
- The owner must be licensed and regulated by the state,
- Personal guarantees required from all owners,
- Minimum 650 credit score,
- No bankruptcies in the last 7 years, and
- No unresolved tax liens.
Once you've partnered up with Trust Capital, you can avail of cannabis testing equipment financing advantages such as:
- 100% purchase financing,
- Up to $10,000,000 with financial disclosure,
- Pre-funding available,
- Flexible payment options and terms up to 60 months,
- As little as First and last payment due up front - qualified borrowers,
- Lowest Rates in the industry for qualified borrowers,
- Eligibility for all new and used equipment purchases,
- No debt on owners personal credit reports, and
- No pre-payment penalties.
Final Thoughts on Cannabis Testing Equipment Financing
Starting a cannabis business is one thing. However, making sure that your cannabis products are safe is a whole other step entirely.
So, in order to keep your business integrity, and the integrity of the cannabis industry, you must take precautions. Fortunately, precautions such as cannabis testing equipment financing don’t eat up all your money while keeping your product quality high.
However, cannabis testing equipment financing is a commitment, and you should be able to trust your financing partner. This means you should find a dependable equipment finance company like Trust Capital.
So, if you need help with getting cannabis testing equipment financing, you should feel free to contact Trust Capital at (866) 458-4777.