California 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 California 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 California?
It sure is! In fact, California was the first state in the country to allow for medicinal cannabis use. The Compassionate Use Act was passed by voters in 1996. Cannabis is now legal for both medical and recreational use by individuals 21 years of age or older.
How do you get a license to open a cannabis business in California?
Start by familiarizing yourself with California Cannabis laws. Depending on the type of business, there are a number of different rules, regulations, and requirements you need to look out for. That said, as you start the process you’ll need to have a location. So be prepared to show proof of ownership or a rental agreement with your California Cannabis License application.
How do you get a license to open a cannabis business in California?
Start by familiarizing yourself with California Cannabis laws. Depending on the type of business, there are a number of different rules, regulations, and requirements you need to look out for. That said, as you start the process you’ll need to have a location. So be prepared to show proof of ownership or a rental agreement with your California Cannabis License application.
Cannabis Loans in California
It’s super unlikely that a California bank, or even a local credit union, will offer you a loan. Which is wild because according to the state, cannabis is fully legal for both adult recreational and medicinal use in California. That said, federal law trumps state law, and since marijuana is still classified as a Schedule 1 controlled substance by the government, it remains federally illegal. Because of this, most banks and credit card companies won't work with you at all.
That’s where we come in. FundCanna is solely dedicated to lending money to cannabis businesses. It's all we do.
FAQ's
You sure can! But you’ll need to find an alternative lender. Historically speaking, the big banks only approve about 20% of loan applications across the board. That’s one out of five businesses of any kind. And, perhaps needless to say, being a Cannabis Company doesn’t exactly up your odds of finding any financing solutions. The fact of the matter is that until the Federal Government comes to its senses and legalizes marijuana nationwide, you can expect traditional financial institutions to stay on the sidelines.
Worry not, though. we can help! For the past two decades, FundCanna has been helping small and medium sized businesses across the country get access to the funding they need. Our team has come together to support the underserved entrepreneurs in the cannabis space. We offer a wide variety of financial solutions to help your company THRIVE.
Our application process makes it quick and easy to get the money you need. Just fill out our online application, upload the requested documents, and we’ll do the rest. Assuming all looks good, you can get approved in as little as 24 hours.
Not long at all! We know time is of the essence, and in almost all cases you’ll receive the funds the very same day you are approved.
We have so many great options for you to choose from. Think equipment financing, lines of credit, cannabis working capital loans, dispensary loans, and vendor financing, to name a few. We pride ourselves on our flexibility, and our team of experts will talk you through the options so you can choose the best one to scale your business.
California Cannabis Market Report
California Cannabis Market Report Summary:
California cannabis sales are made up of 54% men, 46% women. The majority(45%) are people age 45 or older, with 23% of consumers being age 35-44, 27% age 25-34, and 5% age 18-24.
The average monthly spend in California is $100, and the average spend per visit is $86.
15% of consumers say they choose to purchase cannabis to relieve pain. 11% say it's to sleep better, while 10% say it's to help manage anxiety.
The types of cannabis products consumers chose to purchase were 34% flower, 31% concentrates, 16% edibles, 14% pre-rolls, and 5% 'other'.
The top 5 cannabis brands in California were:
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