Utah 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 Utah 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 Utah?

Marijuana is illegal for recreational use in the state of Utah. Possessing even small amounts of marijuana can catch you a misdemeanor. In November of 2018, medical use was passed, preceded by a CBD-only law that passed in 2014.

utah cannabis business loan information
utah cannabis business financing options

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

Utah requires a non-refundable application fee of $10,000 and should you be approved, you'll be required to pay a 100k licensing fee, as well as obtain a 250k bond that authorizes your company to transact surety business in Utah.

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

Utah requires a non-refundable application fee of $10,000 and should you be approved, you'll be required to pay a 100k licensing fee, as well as obtain a 250k bond that authorizes your company to transact surety business in Utah.

utah cannabis business financing options

Cannabis Loans in Utah

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

utah cannabis business loan info

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 Utah?

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