Pennsylvania 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.
Applying for Cannabis Funding in Pennsylvania 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
Get access to the funding your Cannabis Business needs. FAST
Is Cannabis legal in Pennsylvania?
Marijuana is illegal for recreational use in Pennsylvania, and possessing any amount of cannabis is still a crime under Pennsylvania state law. Some local jurisdictions, including Philly, have passed ordinances that decriminalize the possession of small amounts of cannabis . Medical Marijuana was legalized in 2016.
How do you get a license to open a cannabis business in Pennsylvania?
Opening a cannabis business in Pennsylvania is not a cheap endeavor. A $5000 non-refundable application fee is step one, and should your application be approved, and addition $20,000 or more is required for a permit. You also need to prove you have the money and capital to succeed. You'll need to be ready with your equipment, nd cash, in hand.
How do you get a license to open a cannabis business in Pennsylvania?
Opening a cannabis business in Pennsylvania is not a cheap endeavor. A $5000 non-refundable application fee is step one, and should your application be approved, and addition $20,000 or more is required for a permit. You also need to prove you have the money and capital to succeed. You'll need to be ready with your equipment, nd cash, in hand.
Cannabis Loans in Pennsylvania
It is very unlikely a cannabis company can borrow money from an Pennsylvanian bank. While cannabis is partially legal in Pennsylvania, 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.
Pennsylvania Cannabis Market Report
Pennsylvania Cannabis Market Report Summary:
Pennsylvania cannabis sales are made up of 43% men, 57% women. The majority(42%) are people age 45 or older, with 29% of consumers being age 35-44, 20% age 25-34, and 9% age 18-24.
The average monthly spend in Pennsylvania is $117, and the average spend per visit is $100.
20% of consumers say they choose to purchase cannabis to relieve pain. 8% say it's to sleep better, while 16% say it's to help manage anxiety.
The types of cannabis products consumers chose to purchase were 45% flower, 50% concentrates, and 5% 'other'.
The top 5 cannabis brands in Pennsylvania were:
Looking for a Cannabis Loan in Pennsylvania?
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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