Massachusetts 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 Massachusetts 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
Did Massachusetts legalize pot?
Yes! Marijuana prohibition in Massachusetts ended on November 8, 2016. Adults 21 and older are now legally allowed to grow, possess and consume cannabis.
How do I get a license to open a marijuana business in Massachusetts?
Cannabis License requirements in Massachusetts vary from town to town. Cities such as Boston require additional steps before you submit your application for consideration. Make sure to do your homework before starting the application process.
How do I get a license to open a marijuana business in Massachusetts?
Cannabis License requirements in Massachusetts vary from town to town. Cities such as Boston require additional steps before you submit your application for consideration. Make sure to do your homework before starting the application process.
Cannabis Loans in Massachusetts
It’s highly unlikely a cannabis company can borrow money from a Massachusetts bank. While cannabis is fully legal in Massachusetts, it’s 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 just isn’t possible. But don’t worry. You have options.
This is where FundCanna can help. We only lend money to cannabis businesses. It's all we do.
FAQ's
You betcha! Though let’s be honest: traditional banks only approve about 20% of ALL loan applications, and Cannabis Company make up around zero percent of that. Bottom line: until cannabis is fully legalized on a Federal level, expect traditional banks to stick to the sidelines.
That's where FundCanna comes in. We have over 20 years of experience helping small and medium sized businesses throughout the United States get access to the funding they need. The FundCanna team exclusively lends to Cannabis Businesses, and we offer several financial solutions to help your company GROW.
FundCanna makes getting funding wicked easy. Our simple 3-step application takes just a few minutes to finish. Start by filling out the online application, upload your documents, and you can be approved in as little as a day.
Not long at all! In almost all cases you’ll see the money in your account on the day you’re approved.
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Massachusetts Cannabis Market Report
Massachusetts Cannabis Market Report Summary:
Massachusetts cannabis sales are made up of 48% men, 52% women. The majority(39%) are people age 45 or older, with 29% of consumers being age 35-44, 26% age 25-34, and 6% age 18-24.
The average monthly spend in Massachusetts is $1298, and the average spend per visit is $97.
13% 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 38% flower, 26% concentrates, 16% edibles, 16% pre-rolls, and 4% 'other'.
The top 5 cannabis brands in Massachusetts were:
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