Minnesota 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 Minnesota 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 Minnesota?

With legalization of THC in Minnesota, what happens to the state’s medical marijuana program? An expected increase in patients of the medical marijuana program in three weeks when edibles first become available might be blunted by the surprise July 1 legalization of hemp-based edibles in the state.

 

Although marijuana-derived THC is still illegal in Minnesota, THC derived from hemp is chemically the same. Marijuana and hemp come from the same cannabis plant, though the plants are bred differently, with marijuana plants high in THC and hemp plants very low in THC.

 

After an amendment passed unanimously during a Minnesota legislative session in May, state Sen. Abeler jokingly said: "That doesn't legalize marijuana — we just didn't do that, did we?"

 

When Abeler proceeded to laugh, Rep. Tina Liebling, a Democrat from Rochester, said, "Oh, are you kidding? Of course you have. No, just kidding. Next, we'll do that next, OK?"

 

 

minnesota cannabis business loan information
minnesota cannabis business financing options

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

Once adult-use marijuana is legalized in Minnesota, it will be time to start putting the pieces together for your cannabis business.

The Minnesota cannabis legalization bill that just passed(but still has a few hurdles to overcome) establishes 10 types of licenses:

 

  1. Cannabis cultivator
    1. Craft cultivator
    2. Bulk cultivator
  2. Cannabis manufacturer
  3. Cannabis retailer
  4. Cannabis wholesaler
  5. Cannabis transporter
  6. Cannabis testing facility
  7. Cannabis microbusiness
  8. Cannabis event organizer
  9. Cannabis delivery service
  10. Medical cannabis business

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

Once adult-use marijuana is legalized in Minnesota, it will be time to start putting the pieces together for your cannabis business.

The Minnesota cannabis legalization bill that just passed(but still has a few hurdles to overcome) establishes 10 types of licenses:

 

  1. Cannabis cultivator
    1. Craft cultivator
    2. Bulk cultivator
  2. Cannabis manufacturer
  3. Cannabis retailer
  4. Cannabis wholesaler
  5. Cannabis transporter
  6. Cannabis testing facility
  7. Cannabis microbusiness
  8. Cannabis event organizer
  9. Cannabis delivery service
  10. Medical cannabis business
minnesota cannabis business financing options

Cannabis Loans in Minnesota

Minnesota banks are highly unlikely to lend money to cannabis businesses. While cannabis is on its way to becoming legal in Minnesota, 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.

minnesota cannabis business loan info

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.

Looking for a Cannabis Loan in Minnesota?

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