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.
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
Get access to the funding your Cannabis Business needs. FAST
Is Cannabis legal in Maryland?
Cannabis possession and use became fully legal(with certain amount limits) on July 1, 2023.
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
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 Market Report
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:
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