Colorado 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.

Cannabis loans by FundCanna

Applying for Cannabis Funding in Colorado 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

fundcanna 3 step process

Get access to the funding your Cannabis Business needs. FAST

Is Cannabis legal in Colorado?

Colorado is one of the country’s pioneers when it comes to cannabis. The Centennial State legalized both medical and recreational use in 2012 for adults over 21. The laws differ from county to county and in some cases, town to town, so be sure to stay up to date in your area.

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How do you get a license to open a cannabis business in Colorado?

The first step to obtaining a Cannabis Business license is to complete the MED Regulated Marijuana Business License application. Fees for a medical license are $2500. Fees to get a recreational cannabis license are $6500. You should establish a business entity with the Secretary of State, and have applied and received a Federal Taxpayer ID. There are several documents you will need to submit, so make sure to do your homework!

How do you get a license to open a cannabis business in Colorado?

The first step to obtaining a Cannabis Business license is to complete the MED Regulated Marijuana Business License application. Fees for a medical license are $2500. Fees to get a recreational cannabis license are $6500. You should establish a business entity with the Secretary of State, and have applied and received a Federal Taxpayer ID. There are several documents you will need to submit, so make sure to do your homework!

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Cannabis Loans in Colorado

Despite its pioneering spirit and favorable state laws, it’s highly unlikely that any mainstream bank in Colorado is going to loan money for a cannabis company. While weed is fully legal according to Colorado state law, at the end of the day cannabis is still classified as a Schedule-1 controlled substance. Until the powers that be come together to enact a sensible national policy that legalizes marijuana, most banks and credit card companies won't work with you. You’ll need to find an alternative lender. 

 

Enter FundCanna. We are the premiere lender for the cannabis industry. This is all we do, and we do it better than anyone.

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FAQ's

Definitely! BUT… not from a traditional bank or financial institution. The major players only approve about 20% of ALL loan applications, and right around zero percent to Cannabis Businesses.  Maybe that’ll change when cannabis is legalized on a federal level, but until then don’t expect traditional banks to offer any help.

That's where FundCanna comes in. We have deep pockets and an even deeper understanding of the challenges facing entrepreneurs in underserved industries like Cannabis. Our team has over two decades of experience working with small and medium-sized businesses across the USA, helping them get access to the capital they need. We are the alternative lender you’re looking for.

FundCanna makes getting funding quick and easy. Our application process is just a few simple steps and takes about 5 minutes to complete. Fill out the application, upload the relevant docs, and you’re done. From there, our team will review your application and, if all looks good, approve it. Sometimes this can take as little as 24 hours. It’s that simple.

We know you need access to capital fast, so we don’t dilly dally. We will deposit funds into your account upon approval of your application. Again, this can take as little as 24 hours.

We offer a range of financial solutions: equipment and vendor financing, dispensary loans, cannabis working capital loans, lines of credit, and more. We know financing can be complicated, but don’t worry. Our team has two decades of experience helping entrepreneurs like you make smart choices to scale businesses. 

Colorado Cannabis Market Report

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Colorado Cannabis Market Report Summary:

Colorado cannabis sales are made up of 62% men, 38% women. The majority(36%) are people age 45 or older, with 31% of consumers being age 35-44, 26% age 25-34, and 6% age 18-24.

 

The average monthly spend in Colorado is $116, and the average spend per visit is $87.

 

12% of consumers say they choose to purchase cannabis to relieve pain. 12% say it's to sleep better, while 9% say it's to help manage anxiety.

 

The types of cannabis products consumers chose to purchase were 37% flower, 35% concentrates, 16% edibles, 8% pre-rolls, and 4% 'other'.

 

The top 5 cannabis brands in Colorado are:

 

  1. Wana Edibles
  2. Wyld
  3. O.Pen
  4. Green Dot Labs
  5. Clear Concentrates

Looking for a Cannabis Loan in Colorado?

Our team is here to assist you with getting a Cannabis Loan.

Apply below and a member of the FundCanna team will be in touch right away.

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Cannabis Business Loans