New York 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 New York 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 New York?

Starting in 2021 New Yorkers became permitted to use cannabis for both recreational and medicinal use. Although New Yorkers cannot consume marijuana in public, they are able to visit a local dispensary and purchase.

 

New Yorkers can possess up to 3 oz of marijuana for recreational use, or twenty four grams of concentrates. 

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new york marijuana loans

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

The Office of Cannabis Management is the issuing department for marijuana licenses. A conditional adult use retail license costs $2000. The OCM has a goal of awarding 50% of the available licenses to social and economic equity applicants.

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

The Office of Cannabis Management is the issuing department for marijuana licenses. A conditional adult use retail license costs $2000. The OCM has a goal of awarding 50% of the available licenses to social and economic equity applicants.

new york marijuana loans

Cannabis Loans in New York

Fuhgettaboutit. It is very unlikely a cannabis company can borrow money from a New York bank. While cannabis is fully legal in New York, it is still classified as a Schedule One controlled substance and remains illegal federally. This is why most banks and credit card companies won't work with your company. Unfortunately, obtaining a loan for your business through your bank won't be possible. 

 

This is where FundCanna can help. We only lend money to marijuana businesses. It's all we do.

new york cannabis loan options

FAQ's

Yes, you can! But you’ll need an alternative lender. The big banks only approve a very small percentage of ALL loan applications and you being a Cannabis Business certainly doesn't help. As long as marijuana remains federally illegal, banks won't work with your Marijuana Company.

That's where FundCanna can help. We have over 20 years of experience helping small and medium-sized businesses throughout the United States get access to the funding they need. We exclusively service the Cannabis Industry, and we offer several financial solutions to help your company GROW.

FundCanna makes getting funding quite simple. Our 3-step application process takes about 5 minutes to complete.  Get started by filling out the online application, upload the requested documents, and get approved in as little as 24 hours.

 

Quickly! You will receive funds directly in your account the same day you are approved. No waiting periods. We understand you need access to money 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 New York?

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