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.

Cannabis loans by FundCanna

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

fundcanna 3 step process

Get access to the funding your Cannabis Business needs. FAST

Is Cannabis legal in Massachusetts?

Marijuana prohibition was finally ended in Massachusetts on November 8, 2016. Adults 21 and older are now legally allowed to grow, possess and consume cannabis.

Massachusetts marijuana loan options
massachusetts cannabis loan options

How do you get a license to open a cannabis 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 you get a license to open a cannabis 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.

massachusetts cannabis loan options

Cannabis Loans in Massachusetts

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

massachusetts marujuana loans

FAQ's

Of course! The fact that most traditional banks only approve about 20% of ALL loan applications, being a Cannabis Company certainly doesn't improve your chances. Until cannabis is fully legalized on a Federal level, expect traditional banks to not be an option for your business.

 

That's where FundCanna can assist. 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 process takes about 5 minutes to complete.  Get started by filling out the online application, uploading the requested documents, and getting approved in as little as 24 hours.

Right away. 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.

 
 

Massachusetts Cannabis Market Report

massachusetts cannabis demographics
massachusetts cannabis category share
top massachusetts cannabis brands

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:

 

  1. Rythm
  2. Cultivate (now Sunnyside)
  3. Strane
  4. Insa
  5. Sira Naturals

Looking for a Cannabis Loan in Massachusetts?

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