Mississippi 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 Mississippi 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 Mississippi?

Marijuana has been fully legal, for both medicinal and recreational purposes, for anyone over the age of 21 since 2015. You are able to possess up to an ounce of cannabis for your personal use. Additionally, you can be gifted up to an ounce. You are able to consume cannabis only on private property. Consuming in public areas can result in a citation.

mississippi cannabis business loan info
mississippi cannabis business financing options

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

Mississippi Legislature approved the Mississippi Medicinal Cannabis Act on in January of 2022. In February of 2022, Gov. Tate signed it into law, making Mississippi the 37th in the US to do so. The particulars for Mississippi medical cannabis businesses are:

 

  • Individuals or companies may own no more than 10% of 1 processing license, 1 cultivation license, or 4 dispensaries.
  • Extractors, growers, distributors, testing labs, disposal businesses, and research labs licensing will start within 120 days of the act’s effective date.
  • Dispensary licenses will begin to be distributed within 150 days of the act’s effective date.
  • There's no limit to how many business licenses that may be issued.
  • Applications for licensing will be reviewed and approved within 30 days.

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

Mississippi Legislature approved the Mississippi Medicinal Cannabis Act on in January of 2022. In February of 2022, Gov. Tate signed it into law, making Mississippi the 37th in the US to do so. The particulars for Mississippi medical cannabis businesses are:

 

  • Individuals or companies may own no more than 10% of 1 processing license, 1 cultivation license, or 4 dispensaries.
  • Extractors, growers, distributors, testing labs, disposal businesses, and research labs licensing will start within 120 days of the act’s effective date.
  • Dispensary licenses will begin to be distributed within 150 days of the act’s effective date.
  • There's no limit to how many business licenses that may be issued.
  • Applications for licensing will be reviewed and approved within 30 days.
mississippi cannabis business financing options

Cannabis Loans in Mississippi

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

mississippi cannabis business loan information

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 Mississippi?

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