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If you want to start or build a cannabis-related business, you may need outside financing options to achieve your goals. Due to high licensing fees and strict capital requirements, some experts predict that dispensary operators may need anywhere from $150,000 to $2 million to start their operations. Read this article from Cure8 to find out what types of cannabis business loans you might be eligible for and how to get financed as a cannabis company.
Cannabis Business Lending
ACE and its consultants have not received any financial support from any of the companies listed below, nor is this an endorsement of them. We encourage cannabis entrepreneurs to perform their own research
AdvancePoint Capital offers an business funding experience that can help answer any questions you may have. The company provides quotes and information on business cash advances for cannabis financing, cannabis business funding equity financing, invoice financing, and purchase order financing.
Bespoke Financial was founded in 2018 and is the first licensed commercial lender focused on the cannabis industry. They offer short term loans to the entire cannabis supply chain (e.g. manufacturers, distributors, ancillary, cultivators, etc.).
GoKapital offers Quick Business Loans that provide capital in amounts ranging from $50,000 to $5,000,000. These loans are not originated by an FDIC-insured bank, so GoKapital can serve alternative businesses and provide cannabis business funding.