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.
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
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.
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.
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.
FAQ's
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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