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Seke Ballard is the founder of Great Tree Capital, a firm that lends income to smaller cannabis corporations.
Ballard’s interest in cannabis was sparked through the summer time of 2015, when churches have been becoming burned across the South and a young white man walked into a church in Charleston, South Carolina, and murdered nine individuals, all of whom have been black. He says it felt like Jim Crow was back.
Ballard lives in Chicago, but half of his loved ones is from Charleston, so his dad recruited him for a road trip to spend respects to the victims. For the duration of the 10-hour auto trip, a query animated the drive: Exactly where had his dad’s generation gone incorrect?
“His response to that query was that he felt like securing the financial foundation of the African-American neighborhood was the unfinished small business of the civil rights movement,” Ballard says. “His belief was that as a individuals it wasn’t sensible that they couldn’t sustain social and political advances unless these advances are constructed on firm financial footing.”
His dad ran into quite a few of the barriers black and marginalized individuals continue to run into these days. When he applied for 13 smaller small business loans to expand his pulpwood logging corporation, he was rejected by just about every bank for just about every loan.
The Cannabis Query is a series exploring inquiries about proposals to legalize marijuana in Wisconsin.
“His hypothesis was that it had absolutely nothing to do with the merit of his small business but rather with the colour of his skin. Turns out he was precisely ideal,” Ballard says, referring to research discovering individuals of color are frequently discriminated against when in search of smaller small business loans.
In August, Ballard and…
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