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.

Cannabis loans by FundCanna

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

fundcanna 3 step process

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.

Pennsylvania cannabis business financing options
Pennsylvania cannabis business loan info

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.

Pennsylvania cannabis business loan info

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 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 funding quick and easy. Our simple 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.

Incredibly quick. You will receive funds 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.

Pennsylvania Cannabis Market Report

pennsylvania cannabis demographics
pennsylvania cannabis category share
top pennsylvania cannabis brands

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:

 

  1. Cresco Cannabis
  2. Rythm
  3. Grassroots Cannabis
  4. Moxie Seeds and Extracts
  5. Terrapin Care Station

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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Cannabis Business Loans