Illinois 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 Illinois 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 Illinois?

As of January 2020, marijuana became legal for both recreational and medical use. The law only allows US citizens with valid, government issued ID's to purchase or possess cannabis. Non-US citizens and immigrants are not allowed to possess or use any amount of cannabis.

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

The first step is to register with the Illinois Department of Financial and Professional Regulation, Medical Cannabis Division. Illinois is only awarding 60 cannabis licenses so its safe to say if you snooze you lose. Expect this number to climb as more legislation comes down the road.

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

The first step is to register with the Illinois Department of Financial and Professional Regulation, Medical Cannabis Division. Illinois is only awarding 60 cannabis licenses so its safe to say if you snooze you lose. Expect this number to climb as more legislation comes down the road.

illinois cannabis loan options

Cannabis Loans in Illinois

It is very unlikely a cannabis company can borrow money from an Illinois bank. While cannabis is fully legal in Illinois, it is still classified as a Schedule 1 controlled substance and remains federally illegal. Because of this, most banks and credit card companies won't work with you in any capacity. This means obtaining a loan for your business through your bank won't be possible. 

This is where FundCanna can help. We only lend money to cannabis businesses. It's all we do.

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FAQ's

100%. But you’ll need to find an alternative lender. Traditional banks generally approve only about 20% of ALL loan applications, with Cannabis Companies receiving about zero percent of that. Until cannabis is federally legalized, expect traditional banks to remain firm in their stance.

 

That's where FundCanna can help! We have over 20 years of experience helping small and medium-sized businesses throughout the USA get access to the financing their Cannabis Company needs. The FundCanna team works exclusively with Cannabis Businesses, and we offer several financial solutions to help your company GROW.

FundCanna makes getting financing for your business incredibly simple. Our easy 3-step application process takes about 5 minutes to complete.  Get started by filling out the online application, upload the requested documents, and get approved in as little as 24 hours.

Quickly! You will receive funds directly in your account the same day you are approved. No waiting periods. We understand you need access to money when you need it.

We offer cannabis working capital loans, equipment financing, lines of credit, dispensary loans and vendor financing. Our team will help you choose which path is best in your journey to scale your business.

Illinois Cannabis Market Report

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illinois cannabis category share
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Illinois Cannabis Market Report Summary:

Illinois cannabis sales are made up of 46% men, 54% women. The majority(43%) are people age 45 or older, with 21% of consumers being age 35-44, 31% age 25-34, and 5% age 18-24.

 

The average monthly spend in Illinois is $114, and the average spend per visit is $96.

 

12% of consumers say they choose to purchase cannabis to relieve pain. 10% 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 37% flower, 33% concentrates, 15% edibles, 8% pre-rolls, and 2% 'other'.

 

The top 5 cannabis brands in Illinois were:

 

  1. Cresco Cannabis
  2. Rythm
  3. Ozone Premium Cannabis
  4. High Supply
  5. Verano

Looking for a Cannabis Loan in Illinois?

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