South Dakota 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 South Dakota 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 South Dakota?

Marijuana became legal for medical use in South Dakota on July 1, 2021. Before then, cannabis was fully illegal. South Dakota arguably has the stiffest marijuana laws in the country. Possession of hash, concentrates or edibles is a felony and can cost you 10 years in prison plus a fine up to 20k.

South Dakota cannabis business loan info
South Dakota cannabis business loan information

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

Licensing in South Dakota is handled by local governments which have the power to regulate how many and what types of licenses that are allowed to operate in their jurisdiction.

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

Licensing in South Dakota is handled by local governments which have the power to regulate how many and what types of licenses that are allowed to operate in their jurisdiction.

South Dakota cannabis business loan information

Cannabis Loans in South Dakota

It is very unlikely a cannabis company can borrow money from a South Dakota bank. While cannabis is partially legal in South Dakota, 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.

South Dakota cannabis business financing options

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.

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.

Looking for a Cannabis Loan in South Dakota?

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