Maryland 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 Maryland 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 Maryland?

Marijuana is legal for medical use in Maryland, but remains illegal for recreational use. On a positive note, possession of less than 10 grams has been decriminalized. State law for medical use was established in 2013, and expectations are that Maryland will be fully legal by 2024 or 2025. 

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maryland cannabis business loan info

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

Maryland has an extremely complex set of rules and regulations that are very different from other states. There are 5 types of marijuana licenses  with separate requirements and application fees. The types of licenses available are:

 

  • Medical Dispensary License
  • Cultivation License
  • Cultivator/Dispensary License
  • Processor License
  • Testing Lab License

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

Maryland has an extremely complex set of rules and regulations that are very different from other states. There are 5 types of marijuana licenses  with separate requirements and application fees. The types of licenses available are:

 

  • Medical Dispensary License
  • Cultivation License
  • Cultivator/Dispensary License
  • Processor License
  • Testing Lab License
maryland cannabis business loan info

Cannabis Loans in Maryland

It is very unlikely a cannabis company can borrow money from an Maryland bank. While cannabis is fully legal in Maryland, 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.

maryland cannabis business loan information

FAQ's

Absolutely. But not from the usual sources. Traditional banks historically only approve about 20% of ALL loan applications and being in the Cannabis ecosystem certainly does not improve your chances. Until cannabis is federally legal, expect banks to remain firm in their stance.

 

That's where FundCanna comes in. We have over 20 years of experience helping small and medium-sized businesses throughout the US get the funding they need. Our team has come together to focus all of its efforts on the underserved community that is Cannabis, and we offer a suite of financial solutions to help your company GROW.

FundCanna makes getting financing incredibly simple. Our easy 3-step application process takes about 5 minutes to complete. Simply fill out the online application, upload the requested documents, and get approved in as little as 24 hours.

 

In almost all cases, you will receive funds directly in your account the same day you are approved. No waiting periods. We understand you need access to capital 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.

Maryland Cannabis Market Report

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maryland cannabis category share
top maryland cannabis brands

Maryland Cannabis Market Report Summary:

Maryland cannabis sales are made up of 57% men, 43% women. The majority(36%) are people age 45 or older, with 34% of consumers being age 35-44, 27% age 25-34, and 4% age 18-24.

 

The average monthly spend in Maryland is $107, and the average spend per visit is $92.

 

12% of consumers say they choose to purchase cannabis to relieve pain. 7% say it's to sleep better, while 11% say it's to help manage anxiety.

 

The types of cannabis products consumers chose to purchase were 47% flower, 28% concentrates, 13% edibles, 6% pre-rolls, and 5% topicals.

 

The top 5 cannabis brands in Maryland were:

 

  1. Curio Wellness
  2. Rythm
  3. Grassroots Cannabis
  4. District Cannabis
  5. Sunmed Growers

Looking for a Cannabis Loan in Maryland?

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