Rhode Island 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 Rhode Island 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
Has cannabis been legalized in Rhode Island?
Yes! Cannabis was just legalized in May 2022 for both medical and recreational use in Rhode Island for adults 21 and older. You can now possess up to an ounce of cannabis, grow it within your primary residence— up to certain limits. Retail sales may begin as early as Dec. 1. Since it’s so new, we suggest you check in with local rules and regulations so you always stay above board.
What steps do I need to take before opening a legal marijuana business in Rhode Island?
In Rhode Island, licensing fees range from $5,00-$80,000 annually. The Rhode Island Department of Health Medical Marijuana Program implements the provisions of the Medical Marijuana Act and regulations for registered patients, caregivers and authorized purchasers. The Medical Marijuana Program accepts, reviews, and approves patient, caregiver and authorized purchaser applications and renewals.
What steps do I need to take before opening a legal marijuana business in Rhode Island?
In Rhode Island, licensing fees range from $5,00-$80,000 annually. The Rhode Island Department of Health Medical Marijuana Program implements the provisions of the Medical Marijuana Act and regulations for registered patients, caregivers and authorized purchasers. The Medical Marijuana Program accepts, reviews, and approves patient, caregiver and authorized purchaser applications and renewals.
Do financial institutions in Rhode Island lend money to legal cannabis companies?
Don’t count on it. While pot is fully legal in Rhode Island, the Feds still frown upon it. Cannabis is classified as a Schedule 1 controlled substance on the federal level, and because of this, most banks and credit card companies won't work with you. You’re gonna need to find an alternative lender, and lucky for you, that’s us.
We only lend money to cannabis businesses. It's all we do and we’re the best at it.
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