Michigan 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 Michigan a 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

Did Michigan legalize weed?

It sure did. In 2018 Michigan became the first state in the Midwest to legalize pot for recreational use. With the passage of the Michigan Regulation and Taxation of Marijuana Act, adults over the age of 21 can legally possess, grow, and consume cannabis. In early 2022, Governor Gretchen Whitmer of Lansing, MI signed an executive order that consolidated the regulation of the processing, distribution, and sale of marijuana and hemp into a single state agency: the Cannabis Regulatory Agency (CRA). 


In October 2022, it was reported that the city of Detroit received 90 applications for the 60 recreational marijuana licenses available in the first round, which include licenses for dispensaries, microbusinesses and consumption lounges. Ultimately the city will issue a total of 160 licenses in three phases.

michigan cannabis loans
michigan cannabis loan options

What are the steps to obtaining a license for a cannabis company in Michigan?

To apply for a Cannabis license in Michigan, applicants are required to pay a non-refundable fee of $3000. That’s just for pre-qualification. Steep, we know.  After being approved, Michigan will assess an initial licensure fee. Fees vary by license type and range from $1000-$24,000.

What are the steps to obtaining a license for a cannabis company in Michigan?

To apply for a Cannabis license in Michigan, applicants are required to pay a non-refundable fee of $3000. That’s just for pre-qualification. Steep, we know.  After being approved, Michigan will assess an initial licensure fee. Fees vary by license type and range from $1000-$24,000.

michigan cannabis loan options

Would banks in Michigan lend money to a licensed marijuana company?

Don’t count on it. While cannabis is fully legal in Michigan, it’s highly unlikely that even a super legit cannabis business can borrow money from a Michigan bank. Weed is still classified as a Schedule 1 controlled substance and remains federally illegal, so most banks and credit card companies won't work with you in any capacity. But don’t stress. We got you. FundCanna can help. 


We only lend money to cannabis businesses. It's all we do, and we do it better than anyone.

michigan marijuana loan choices

Michigan Cannabis Retail Laws

fundcanna symbol large

The interactive map below shows which municipalities in Michigan allow for Cannabis retail locations.


Without a doubt! But you’ll have to seek outside the box.  Institutional banks only approve a super small percentage of ALL loan applications and being a Cannabis Business doesn’t exactly improve your chances. Go figure! And we don’t see things changing anytime soon. As long as marijuana remains federally illegal, expect traditional banks to remain firm in their stance.

That's where FundCanna can assist. We can help! In fact, we’ve been doing it for decades! For the past 20 years we’ve been helping small and medium sized businesses throughout the US get access to the funding they need. FundCanna exclusively works with the Cannabis Industry, and we offer several financial solutions to help your company GROW.

FundCanna makes access to funding easy as pie. It’s just a simple 3-step application process. And one that takes just a handful of minutes to finish.  Get started by filling out the online application, upload the requested documents, and voila! You can get approved in as little as 24 hours.

It won’t take long at all! Our mission is to get you the capital you need as quickly as possible,, so we’ll send you your money upon approval.

We offer so many different options to our customers. From cannabis working capital loans, to equipment financing, to lines of credit, cash advances, dispensary loans and vendor financing, we’ve got the ways and means to help you scale. 

We offer cannabis funding in every city in Michigan:


Addison, MI

Adrian, MI

Akron, MI

Alanson, MI

Albion, MI

Algonac, MI

Allegan, MI

Allen Park, MI

Allen, MI

Allendale, MI

Alma, MI

Almont, MI

Alpena, MI

Ann Arbor, MI

Applegate, MI

Armada, MI

Ashley, MI

Athens, MI

Atlanta, MI

Au Gres, MI

Auburn Hills, MI

Auburn, MI

Augusta, MI

Bad Axe, MI

Baldwin, MI

Bancroft, MI

Bangor, MI

Baraga, MI

Baroda, MI

Barryton, MI

Barton City, MI

Battle Creek, MI

Bay City, MI

Bear Lake, MI

Beaverton, MI

Belding, MI

Bellaire, MI

Belleville, MI

Bellevue, MI

Benton Harbor, MI

Benzonia, MI

Berkley, MI

Berrien Springs, MI

Bessemer, MI

Beulah, MI

Big Bay, MI

Big Rapids, MI

Birch Run, MI

Birmingham, MI

Blissfield, MI

Bloomfield Hills, MI

Bloomingdale, MI

Boyne City, MI

Boyne Falls, MI

Breckenridge, MI

Breedsville, MI

Bridgeport, MI

Bridgman, MI

Brighton, MI

Britton, MI

Bronson, MI

Brooklyn, MI

Brown City, MI

Buchanan, MI

Buckley, MI

Burlington, MI

Burr Oak, MI

Burt, MI

Burton, MI

Byron Center, MI

Byron, MI

Cadillac, MI

Caledonia, MI

Calumet, MI

Camden, MI

Canton, MI

Capac, MI

Carleton, MI

Carney, MI

Caro, MI

Carrollton, MI

Carson City, MI

Carsonville, MI

Caseville, MI

Casnovia, MI

Caspian, MI

Cass City, MI

Cassopolis, MI

Cedar Springs, MI

Cement City, MI

Center Line, MI

Central Lake, MI

Centreville, MI

Charlevoix, MI

Charlotte, MI

Chatham, MI

Cheboygan, MI

Chelsea, MI

Chesaning, MI

Clare, MI

Clarksville, MI

Clawson, MI

Clayton, MI

Clifford, MI

Climax, MI

Clinton, MI

Clio, MI

Coldwater, MI

Coloma, MI

Colon, MI

Columbiaville, MI

Comstock Park, MI

Concord, MI

Constantine, MI

Coopersville, MI

Copemish, MI

Copper City, MI

Corunna, MI

Croswell, MI

Crystal Falls, MI

Custer, MI

Daggett, MI

Dansville, MI

Davison, MI

De Tour Village, MI

Dearborn Heights, MI

Dearborn, MI

Decatur, MI

Deckerville, MI

Deerfield, MI

Detroit, MI

Dewitt, MI

Dexter, MI

Dimondale, MI

Douglas, MI

Dowagiac, MI

Dryden, MI

Dundee, MI

Durand, MI

East Jordan, MI

East Lansing, MI

East Tawas, MI

Eastlake, MI

Eastpointe, MI

Eaton Rapids, MI

Eau Claire, MI

Ecorse, MI

Edmore, MI

Edwardsburg, MI

Elberta, MI

Elk Rapids, MI

Elkton, MI

Ellsworth, MI

Elsie, MI

Emmett, MI

Empire, MI

Escanaba, MI

Essexville, MI

Evart, MI

Fairgrove, MI

Farmington, MI

Farwell, MI

Fennville, MI

Fenton, MI

Ferndale, MI

Ferrysburg, MI

Fife Lake, MI

Flat Rock, MI

Flint, MI

Flushing, MI

Fowler, MI

Fowlerville, MI

Frankenmuth, MI

Frankfort, MI

Franklin, MI

Fraser, MI

Freeland, MI

Freeport, MI

Fremont, MI

Fruitport, MI

Gaastra, MI

Gagetown, MI

Gaines, MI

Galesburg, MI

Galien, MI

Garden City, MI

Garden, MI

Gaylord, MI

Gladstone, MI

Gladwin, MI

Gobles, MI

Goodrich, MI

Grand Blanc, MI

Grand Haven, MI

Grand Ledge, MI

Grand Rapids, MI

Grandville, MI

Grant, MI

Grass Lake, MI

Grayling, MI

Greenville, MI

Grosse Ile, MI

Grosse Pointe, MI

Gwinn, MI

Hamtramck, MI

Hancock, MI

Hanover, MI

Harbor Beach, MI

Harbor Springs, MI

Harper Woods, MI

Harrison, MI

Harrisville, MI

Hart, MI

Hartford, MI

Haslett, MI

Hastings, MI

Hazel Park, MI

Hemlock, MI

Hersey, MI

Hesperia, MI

Highland Park, MI

Hillman, MI

Hillsdale, MI

Holland, MI

Holly, MI

Holt, MI

Homer, MI

Honor, MI

Hopkins, MI

Houghton Lake, MI

Houghton, MI

Howard City, MI

Howell, MI

Hubbard Lake, MI

Hubbardston, MI

Hubbell, MI

Hudson, MI

Hudsonville, MI

Huntington Woods, MI

Imlay City, MI

Indian River, MI

Inkster, MI

Ionia, MI

Iron Mountain, MI

Iron River, MI

Ironwood, MI

Ishpeming, MI

Ithaca, MI

Jackson, MI

Jenison, MI

Jonesville, MI

Kalamazoo, MI

Kaleva, MI

Kalkaska, MI

Keego Harbor, MI

Kent City, MI

Kinde, MI

Kingsford, MI

Kingsley, MI

Kingston, MI

Laingsburg, MI

Lake Ann, MI

Lake City, MI

Lake Linden, MI

Lake Odessa, MI

Lake Orion, MI

Lakeview, MI

Lambertville, MI

Lansing, MI

Lapeer, MI

Lawrence, MI

Lawton, MI

Lennon, MI

Leonard, MI

Leslie, MI

Lewiston, MI

Lexington, MI

Lincoln Park, MI

Lincoln, MI

Linden, MI

Litchfield, MI

Livonia, MI

Lowell, MI

Ludington, MI

Luna Pier, MI

Luther, MI

Lyons, MI

Mackinac Island, MI

Mackinaw City, MI

Madison Heights, MI

Mancelona, MI

Manchester, MI

Manistee, MI

Manistique, MI

Manitou Beach, MI

Manton, MI

Maple Rapids, MI

Marcellus, MI

Marine City, MI

Marion, MI

Marlette, MI

Marquette, MI

Marshall, MI

Martin, MI

Marysville, MI

Mason, MI

Mattawan, MI

Maybee, MI

Mayville, MI

Mc Bain, MI

Mcbrides, MI

Mecosta, MI

Melvindale, MI

Memphis, MI

Mendon, MI

Menominee, MI

Merrill, MI

Mesick, MI

Metamora, MI

Michigamme, MI

Michigan Center, MI

Middleton, MI

Middleville, MI

Midland, MI

Milan, MI

Milford, MI

Millersburg, MI

Millington, MI

Minden City, MI

Mio, MI

Monroe, MI

Montague, MI

Montgomery, MI

Montrose, MI

Morenci, MI

Morley, MI

Morrice, MI

Mount Clemens, MI

Mount Morris, MI

Mount Pleasant, MI

Muir, MI

Mulliken, MI

Munising, MI

Muskegon, MI

Napoleon, MI

Nashville, MI

Negaunee, MI

New Baltimore, MI

New Buffalo, MI

New Era, MI

New Haven, MI

New Lothrop, MI

Newaygo, MI

Newberry, MI

Niles, MI

North Adams, MI

North Branch, MI

Northport, MI

Northville, MI

Norway, MI

Novi, MI

Oak Park, MI

Oakley, MI

Okemos, MI

Olivet, MI

Omer, MI

Onaway, MI

Onekama, MI

Onsted, MI

Ontonagon, MI

Ortonville, MI

Oscoda, MI

Ossineke, MI

Otisville, MI

Otsego, MI

Otter Lake, MI

Ovid, MI

Owendale, MI

Owosso, MI

Oxford, MI

Palmer, MI

Parma, MI

Paw Paw, MI

Peck, MI

Pellston, MI

Pentwater, MI

Perrinton, MI

Perry, MI

Petersburg, MI

Petoskey, MI

Pewamo, MI

Pigeon, MI

Pinckney, MI

Pinconning, MI

Plainwell, MI

Pleasant Ridge, MI

Plymouth, MI

Pontiac, MI

Port Austin, MI

Port Hope, MI

Port Huron, MI

Port Sanilac, MI

Portage, MI

Portland, MI

Posen, MI

Potterville, MI

Powers, MI

Prescott, MI

Prudenville, MI

Quincy, MI

Quinnesec, MI

Ravenna, MI

Reading, MI

Redford, MI

Reed City, MI

Reese, MI

Republic, MI

Richland, MI

Richmond, MI

River Rouge, MI

Rochester, MI

Rockford, MI

Rockwood, MI

Rogers City, MI

Romeo, MI

Romulus, MI

Roscommon, MI

Rose City, MI

Rosebush, MI

Roseville, MI

Rothbury, MI

Royal Oak, MI

Saginaw, MI

Saint Charles, MI

Saint Clair Shores, MI

Saint Clair, MI

Saint Helen, MI

Saint Ignace, MI

Saint Johns, MI

Saint Joseph, MI

Saint Louis, MI

Saline, MI

Sand Lake, MI

Sandusky, MI

Sanford, MI

Saranac, MI

Saugatuck, MI

Sault Sainte Marie, MI

Schoolcraft, MI

Scottville, MI

Sebewaing, MI

Shelby, MI

Shepherd, MI

Sheridan, MI

Sherwood, MI

South Haven, MI

South Lyon, MI

South Range, MI

South Rockwood, MI

Southfield, MI

Southgate, MI

Sparta, MI

Spring Arbor, MI

Spring Lake, MI

Springport, MI

Stambaugh, MI

Standish, MI

Stanton, MI

Stanwood, MI

Stephenson, MI

Sterling Heights, MI

Sterling, MI

Stevensville, MI

Stockbridge, MI

Sturgis, MI

Sunfield, MI

Suttons Bay, MI

Swartz Creek, MI

Tawas City, MI

Taylor, MI

Tecumseh, MI

Tekonsha, MI

Temperance, MI

Thompsonville, MI

Three Oaks, MI

Three Rivers, MI

Traverse City, MI

Trenton, MI

Troy, MI

Tustin, MI

Twin Lake, MI

Ubly, MI

Union City, MI

Unionville, MI

Utica, MI

Vandalia, MI

Vanderbilt, MI

Vassar, MI

Vermontville, MI

Vernon, MI

Vicksburg, MI

Wakefield, MI

Waldron, MI

Walkerville, MI

Walled Lake, MI

Warren, MI

Waterford, MI

Watervliet, MI

Wayland, MI

Wayne, MI

Webberville, MI

Weidman, MI

West Bloomfield, MI

West Branch, MI

Westphalia, MI

Wetmore, MI

White Cloud, MI

White Pigeon, MI

Whitehall, MI

Whitmore Lake, MI

Whittemore, MI

Williamston, MI

Wixom, MI

Wolverine, MI

Woodland, MI

Wyandotte, MI

Yale, MI

Ypsilanti, MI

Zeeland, MI

Michigan Cannabis Market Report

michigan cannabis demographics
michigan cannabis category share
top michigan cannabis brands

Michigan Cannabis Market Report Summary:

Michigan cannabis sales are made up of 40% men, 60% women. The majority(44%) are people age 45 or older, with 23% of consumers being age 35-44, 26% age 25-34, and 7% age 18-24.


The average monthly spend in Michigan is $128, and the average spend per visit is $96.


24% of consumers say they choose to purchase cannabis to relieve pain. 12% 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 42% flower, 36% concentrates, 11% edibles, 10% pre-rolls, and 2% 'other'.


The top 5 cannabis brands in Michigan were:


  1. Livwell
  2. Choice Labs
  3. Select
  4. Redbud Roots
  5. Fluresh

Looking for a Cannabis Loan in Michigan?

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.