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As of 2026, cannabis businesses continue to face significant challenges in securing financing due to federal restrictions. Because of this most banks don’t offer cannabis financing because there’s no federal legal protection for financial institutions that work with cannabis-related businesses.
The Secure and Fair Enforcement Regulation (SAFER) Banking Act, designed to protect financial institutions serving state-legal cannabis businesses, has moved through the Senate Banking Committee, but hasn’t received full Senate vote yet. Until that happens, many banks are unwilling to take the risk of lending to cannabis-related businesses.
However, there are alternative lenders stepping in to fill the gap, while federal reforms remain pending. The specialized lenders on our list offer viable financing alternatives for cannabis entrepreneurs looking to grow their businesses. You’ll generally need good credit of 670+, though some lenders on our list accept lower scores.
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9.65 Excellent
Advance Funds Network offers fast and flexible business financing, including cannabis business loans. It provides same-day funding across the US and Canada with no upfront fees, and a range of loan types. You will have options ranging from working capital loans, equipment financing and merchant cash advances to business lines of credit and more. It works with all credit profiles and industries, making it a good choice for cannabis businesses looking for quick funding and a variety of funding options.
| Loan amount | $10,000 – $5,000,000 |
|---|---|
| APR | Varies by lender |
| Min. Credit Score | 500 |
| Loan amount | $10,000 – $5,000,000 |
|---|---|
| APR | Varies by lender |
| Min. Credit Score | 500 |
9.2 Excellent
Loanspark is a business lending marketplace that connects lenders to borrowers, including cannabis business owners. It does this through its Business Lending as a Service (BLaaS) co-branded partnerships, which helps business owners in the marijuana industry access funds.
Loanspark is licensed in 47 states and offers guarantees on its pricing and same-day loan decisions. While Loanspark doesn’t allow customers to apply for a loan from its website, you can apply for a cannabis loan up to $20 million through our Go to site button.
| Loan amount | $10,000 – $20,000,000 |
|---|---|
| APR | Starting at 1% |
| Min. Credit Score | 600 |
| Loan amount | $10,000 – $20,000,000 |
|---|---|
| APR | Starting at 1% |
| Min. Credit Score | 600 |
The GoKapital marketplace offers two main funding options for cannabis business owners: personal loans and short-term business loans. Its personal loan option offers competitive rates and repayment terms up to five years. To qualify, you’ll need a minimum Experian credit score in the high 600s and at least $50,000 in annual personal income.
GoKapital’s revenue-based business loan is a short-term loan with a maximum repayment term of 18 months. While pricier than the personal loan, you can potentially borrow up to 150% of your monthly sales, and you can pay back the loan early with discounts and no prepayment penalties.
| Loan amount | $50,000 – $5,000,000 |
|---|---|
| APR | 6% to 18% |
| Min. Credit Score | 500 |
| Loan amount | $50,000 – $5,000,000 |
|---|---|
| APR | 6% to 18% |
| Min. Credit Score | 500 |
FundCanna provides funding to the cannabis industry though all levels of the supply chain – from cultivators to distributors to dispensaries. It offers some of the widest range of loans out there, including lines of credit, vendor financing, working capital loans, equipment financing and dispensary financing.
It offers an online application with three steps to help you get started. Approvals take about 24 hours, and if approved, you could have funds in as soon as the next business day. But there’s not much information about rates and fees online. To qualify, you’ll need to fill out the online application or call.
| APR | Not listed |
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| APR | Not listed |
|---|
9.6 Excellent
United Capital Source is an alternative lender that offers a wide range of financing to businesses in high-risk industries, including cannabis. It requires little documentation, and you might be able to qualify for a loan even if you have bad credit – since there’s no minimum credit score requirement. Instead, eligibility is based on your monthly revenue.
To qualify, you need a minimum of six months in business and at least $10,000 a month in revenue. You can typically borrow up to 80% to 100% of your gross monthly revenue. Instead of charging interest, it uses a factoring program that costs around 20 to 30 cents on the dollar. While expensive, it may work for bad credit emergency borrowing.
| Loan amount | $1,000 – $10,000,000 |
|---|---|
| APR | Not stated |
| Min. Credit Score | 550 |
| Loan amount | $1,000 – $10,000,000 |
|---|---|
| APR | Not stated |
| Min. Credit Score | 550 |
Canna Business Resources offers a range of services for those in the cannabis industry. It provides quick turnaround working capital, as well as equipment financing, commercial real estate financing, accounts receivable financing and lines of credit.
It offers loans between $50,000 and $15,000,000 and advertises funding in as little as 24 to 48 hours after approval. But you won’t find any information about rates and fees online – and if you have questions, you may need to wait for a call back or email response.
| Loan amount | $50,000 – $15,000,000 |
|---|
| Loan amount | $50,000 – $15,000,000 |
|---|
7.7 Great
This California-based lender works with both direct and indirect marijuana businesses for a range of financing needs. It offers unsecured working capital loans, startup funding, equipment loans and real estate loans from $25,000 to $150,000, which can be used to purchase cannabis businesses.
Its rates are competitive compared to other cannabis business lenders. But as with most lenders that serve the cannabis industry, you’ll need strong financials to qualify. Approval is mainly based on your financial history, so you may want to look elsewhere if you have fair or bad credit.
| Loan amount | $25,000 – $150,000 |
|---|---|
| APR | 5.9% to 19.99% |
| Min. Credit Score | 680 |
| Loan amount | $25,000 – $150,000 |
|---|---|
| APR | 5.9% to 19.99% |
| Min. Credit Score | 680 |
8.2 Great
Finance Factory is a loan connection service that has earned recognition for customer service by LendingTree. It works with high-risk businesses like cannabis and offers a few types of funding for cannabis business owners: lines of credit, personal loans and term business loans with longer repayment terms.
But to qualify, you’ll need a minimum credit score of 700 from all three credit bureaus, documented income and ideally, two years in business. And it’s not the quickest option. Personal loans can take up to two weeks for funding, and business loans can take anywhere between 10 and 30 days.
| Loan amount | $5,000 – $5,000,000 |
|---|---|
| APR | Varies by loan type |
| Min. Credit Score | 550 |
| Loan amount | $5,000 – $5,000,000 |
|---|---|
| APR | Varies by loan type |
| Min. Credit Score | 550 |
We picked these lenders based on cost, availability and the ability to fund most types of cannabis businesses. We also looked for lenders that made a point they could accommodate high-risk businesses and startups, either with special programs or loans specifically for cannabis businesses. We also considered customer reviews, reputation and Better Business Bureau (BBB) accreditation and ratings.
Since no one loan is best for every business, we made sure to include lenders that offered different types of funding to fit a variety of business needs.
Business financing is different when it comes to the cannabis industry. Since many cannabis businesses don’t have financial business records, your eligibility often heavily depends on your personal financial history.
Here’s what you may need to qualify:
Securing a loan to open a dispensary can be complex, so you’ll want to understand the legal and regulatory laws surrounding cannabis-related businesses in your jurisdiction. Some steps are the same as getting a loan for a traditional business, but you may have extra leg work when seeking a loan for a cannabis-related business.
There are several types of loans that you can use to fund your cannabis business. Which one is right for you depends on what you need financing for.
Cannabis is still federally illegal, so banks that offer loans to the cannabis industry could be subject to prosecution. They could also be liable if they lend to a business that breaks state law by selling to a minor or transporting cannabis across state lines. These risks make it impossible for you to get a business loan from an FDIC-insured bank and hard to find funding from non-insured banks or lenders.
Additionally, cannabis businesses currently are ineligible for loans backed by the Small Business Administration, or SBA loans. That’s because the SBA doesn’t offer loans to businesses that engage in illegal activity. Unless the SBA makes an exception, these low-cost loans are off the table for the cannabis industry until cannabis is legalized at the federal level.
CBD businesses may fall into a legal gray area — but unlike cannabis, CBD use is legal in all 50 states. So getting funding for one is easier than for a cannabis business, especially in states where recreational cannabis has been legalized.
A cannabis lender could help, as there is overlap between the two types of businesses.
Legal status in your state is one factor when it comes to qualifying for a cannabis business loan. Check out our map to see legal status across the US.
| State | Legal status | Medicinal | Decrimininalized |
|---|---|---|---|
| Alabama | Mixed | Yes | No |
| Alaska | Fully legal | Yes | Yes |
| Arizona | Fully legal | Yes | Yes |
| Arkansas | Mixed | CBD oil only | No |
| California | Fully legal | Yes | Yes |
| Colorado | Fully legal | Yes | Yes |
| Connecticut | Fully legal | Yes | Yes |
| Delaware | Fully legal | Yes | Yes |
| District of Columbia | Fully legal | Yes | Yes |
| Florida | Mixed | Yes | No |
| Georgia | Mixed | CBD oil only | No |
| Hawaii | Mixed | Yes | Yes |
| Idaho | Fully illegal | CBD oil only | No |
| Illinois | Fully legal | Yes | Yes |
| Indiana | Mixed | CBD oil only | No |
| Iowa | Mixed | CBD oil only | No |
| Kansas | Fully illegal | No | No |
| Kentucky | Mixed | Yes | No |
| Louisiana | Mixed | Yes | Yes |
| Maine | Fully legal | Yes | Yes |
| Maryland | Mixed | Yes | Yes |
| Massachusetts | Fully legal | Yes | Yes |
| Michigan | Fully legal | Yes | Yes |
| Minnesota | Fully legal | Yes | Yes |
| Mississippi | Mixed | Yes | Yes |
| Missouri | Fully legal | Yes | Yes |
| Montana | Fully legal | Yes | Yes |
| Nebraska | Mixed | CBD oil only | Yes (first offense only) |
| Nevada | Fully legal | Yes | Yes |
| New Hampshire | Mixed | Yes | Yes |
| New Jersey | Fully legal | Yes | Yes |
| New Mexico | Fully legal | Yes | Yes |
| New York | Fully legal | Yes | Yes |
| North Carolina | Mixed | CBD oil only | Yes |
| North Dakota | Mixed | Yes | Yes |
| Ohio | Mixed | Yes | Yes |
| Oklahoma | Mixed | Yes | No |
| Oregon | Fully legal | Yes | Yes |
| Pennsylvania | Mixed | Yes | No |
| Rhode Island | Fully legal | Yes | Yes |
| South Carolina | Fully illegal | CBD oil only | No |
| South Dakota | Mixed | Yes | No |
| Tennessee | Mixed | CBD oil only | No |
| Texas | Mixed | CBD oil only | No |
| Utah | Mixed | Yes | No |
| Vermont | Fully legal | Yes | Yes |
| Virginia | Fully legal | Yes | Yes |
| Washington | Fully legal | Yes | Yes |
| West Virginia | Mixed | Yes | No |
| Wisconsin | Mixed | CBD oil only | No |
| Wyoming | Fully illegal | CBD oil only | No |
Source: DISA Global Solutions
All responses are collected anonymously and used for internal data purposes only.
What is your primary need for a business loan?
If you plan on starting a cannabis business and don’t qualify with an online lender, there are other creative ways to seek out funding:
Some states offer grants to help get a cannabis business started. Depending on your home state, you may qualify for one.
For example, California has the Cannabis Equity Grants Program. Its purpose is to aid local businesses in acquiring licensees and as a way to regulate cannabis in a way that “reduces barriers to entry into the legal, regulated market,” stated on CA.gov. This program offers assistance with regulatory compliance and securing the capital necessary to start the business.
If you have good credit, cannabis business loans can be an affordable financing option if you’d rather retain full ownership of your business. But since it’s such a high risk for lenders, you’ll likely pay higher rates and fees compared to the average rates for business loans.
If you’re sitll unsure about which type of business loan you need and want to find out more of your business loan options, check out our guide to businesses loans to learn more.
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Compare different lenders to secure a $400,000 business loan with favorable terms.
Find a $40,000 business loan for your business and calculate the cost before you apply.
Buy real estate, another business or expand your enterprise.
You’ll have an easier time qualifying if you have strong credit and high revenue.
Find financing to grow your business — or even buy another.
Stay away from big banks for a loan of this size.
What is the best loan for funding a start up? I am working to opening a dispensary in Missouri. I need funding for the building, licensing, and inventory.
Hi T,
Thanks for getting in touch with finder. I hope all is well with you. :)
The best loan for you would be the one that fits your needs, preference, and budget. You may want to use our comparison table above. Compare your options based on the minimum and maximum loan amount and requirements. Once you found the right one for you, click on the “Go to site” green button to learn more.
Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
I’m from the UK and know how to grow, can I get a loan to get me from the UK to the USA and get a green card, and accommodation for growing, then turn a profit and pay you back?
I am properly good at growing, I just don’t have the funds to get there, any info would be a great help.
Cheers
John
Hi John,
Thanks for getting in touch with finder.
Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice. You may need to directly get in touch with the companies we feature on this page to get the funding that you need. All you need to do is click on the “Go to site” green button of the company of your choice.
It is important to note that there are eligibility requirements that you need to meet before a loan is provided. Private equity firms, venture capitalists, and other investors will likely need to be sure they have a good chance of getting a return on their money. If you are in the UK and you are looking for a loan in the US, you might have limited options or there would be a lot of challenges that you have to overcome before you get your funding.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Any recommendations on lenders in Southern California? Looking for a private money loan to purchase a commercial property for dispensary retail. Property identified. Thanks!
Hi John,
Thanks for reaching out. While we are unable to recommend a particular lender, you may refer to our comparison page on non-bank business loan options that might be able to finance your cannabis dispensary business. I sent in your email some articles and references on marijuana business investing that you might find helpful.
Kind regards,
Liezl
Are there any options in NH to grow cannibis or hemp based products for industrial use or medical use.
I’m a farmer that handicapped and would like to explore options in the state of NH or FL.
Is there a prevision that allows grow and mfg of cannibis based products. Turnkey operations in NH?
Thank you
Hi Tony,
Thank you for your inquiry.
As per checking you are already in the correct page. Please review the content provided on our guide on this page there are types of financing are available for cannabis businesses. Please note that the options available is applicable only in United States.
I hope this information has helped.
Cheers,
Harold
Hello,
My state just legalized MMJ and I want to open a cultivation operation to strictly grow. Its big rewards but big up front costs to get in the game. Does Finder help cultivation operations as well?
Hi Jeff,
Thanks for reaching out. Just to clarify, finder.com is a comparison website and general information service, we do not provide funding or offer loan ourselves.
While a bank loan is not an option currently available for cannabis businesses, there are other financing options mentioned above that you can look into. One of which is crowdfunding.
Kind regards,
Liezl