Arizona Cannabis Loans
The FundCanna team has funded over $20 Billion to small and medium businesses nationwide. We can provide you with a Cannabis Loan in as little as 24 hours.
Applying for Cannabis Funding in Arizona has never been easier.
Fill out the form below and have access to the capital you need in as little as 24 hours.
3 easy steps
Get access to the funding your Cannabis Business needs. FAST
Is Cannabis legal in Arizona
Marijuana has been fully legal in the land of the Grand Canyon since prop 207 passed in 2020, and it has been medicinally legal since 2010 for anyone over the age of 21. Individuals can possess up to an ounce of cannabis for personal use, and you can cultivate as many as six plants at your private residence.
It’s important to note though that you can’t go around smoking doobies in public. That can result in a ticket and a fine. So for now, be sure to only smoke weed on private property.
How do I start a legal marijuana business in Arizona?
Step one: get familiar with the Copper State’s rules and regulations. In short, know the law. Next, you’ll need a place to do your business. Be sure to have proof-of-ownership or a rental agreement in place before you apply.
Once you've found a sweet spot, you can get started on your cannabis business application. Just follow the instructions, and be aware that Arizona's board may require you to submit supplemental docs depending on the type of license you’re applying for.
How do I start a legal marijuana business in Arizona?
Step one: get familiar with the Copper State’s rules and regulations. In short, know the law. Next, you’ll need a place to do your business. Be sure to have proof-of-ownership or a rental agreement in place before you apply.
Once you've found a sweet spot, you can get started on your cannabis business application. Just follow the instructions, and be aware that Arizona's board may require you to submit supplemental docs depending on the type of license you’re applying for.
Do Arizona banks lend money to cannabis companies?
Unfortunately not. The big banks only approve about 20% of ALL loan applications, and being in the Cannabis Industry does NOT improve your chances. Until cannabis is completely legal on the federal level you can pretty much expect traditional banks to avoid your calls.
But don’t worry… FundCanna can help. Our team has over two decades of experience. Our specialty? Helping small and medium sized businesses like yours get the financing they need. We don’t just root for the underdog, we actively work to help underserved communities succeed. In short, FundCanna has the ways and means to help your business thrive.
Arizona Cannabis Market Report
Arizona Cannabis Market Report Summary:
Arizona cannabis sales are made up of 40% men, 60% women. The majority(44%) are people age 45 or older, with 23% of consumers being age 35-44, 26% age 25-34, and 7% age 18-24.
The average monthly spend in Arizona is $128, and the average spend per visit is $96.
24% of consumers say they choose to purchase cannabis to relieve pain. 12% say it's to sleep better, while 11% say it's to help manage anxiety.
is products consumers chose to purchase were 42% flower, 36% concentrates, 11% edibles, 10% pre-rolls, and 2% 'other'.
The top 5 cannabis brands in Arizona are:
In January, numbers were released showing how big Arizona’s cannabis market was during the first year of adult-use operations. Adult-use sales began on January 22, 2021, and within the first 10 days of transactions, sales reached $2.9 million. Over the full year after adult-use sales began, licensed businesses sold $1.23 billion in combined adult-use and medical cannabis products generating approximately $528 million in revenue for licensed adult-use retailers.
When Arizona’s adult-use sales launched in January 2021, 73 of 130 licenses had been approved by the state’s regulators. Ultimately, only 169 vertically integrated licenses will be awarded for the state.
Subsequently, multiple lawsuits were filed disputing the state’s social equity licensing processes with the most recent filed in March 2022. The Arizona Department of Health Services awarded social equity cannabis business permits through a lottery in April 2022.
A total of 1,301 applications were submitted for social equity permits, and 26 licenses were awarded. Of those awarded licenses, 10 went to applicants who partnered with existing cannabis operators. In fact, some existing operators partnered with multiple applicants and won as many as five additional licenses as a result.
Looking for a Cannabis Financing in Arizona?
Our team is here to assist you with getting funding for your Cannabis Business.
Apply below and a member of the FundCanna team will be in touch right away.
PREVIOUS STATE
NEXT STATE
Follow Us
Explore
info@fundcanna.com