Dispensary Loans for Cannabis Business

Grow your cannabis venture with loans designed for dispensaries.

Simple online application with minimal paperwork.
No collateral needed for unsecured funding.

Get funded within 1 to 2 days
Raise up to $5M
Interest rates as low as 7%
Up to 2-year loan term length

See Loan Options

Won't impact your credit

Updated October 23, 2023

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Dispensary owners love us because we provide quick funding and treat them like family.

Fast application

Your have a business to run. Our simple process takes just two minutes to get pre-approved.

Dispensary loan advisors

We manage all the paperwork and get you funded the same day as lender approval.

How To Finance a Medical Cannabis Dispensary

Whether you're looking to start a new venture to capitalize on the growing legalization of cannabis or need working capital to run an existing cannabis company or startup better, we can help cannabis business owners and entrepreneurs secure the funding they need.

Clarify's mission is to help business owners pursue the American dream. As opposed to lending through traditional banks, our network of 75+ private lenders can set your dispensary or canna business up for success and meet growing demand.

The process of securing a cannabis business loan couldn't be simpler. Applying online takes less than two minutes. Your dedicated Clarify adviser then guides you with available options based on your credit score and time in business. In many cases, we can get business owners the funding they need in 24 to 48 hours.

Common Ways To Use Your Business Funding

Navigating the cannabis business world can be complex, but securing the right funding can pave the way for success. Whether you're keen on expanding your cultivation space, enhancing your store's appeal, diversifying your product range, or ensuring you're compliant with all regulations, a cannabis business loan is the tool to help you achieve these goals. Dive into these five ways a business loan can be a game-changer for your cannabis venture.

1. Grow Your Growing Space:

A cannabis business loan can help you grow more. Whether you're buying more land, making your current place bigger, or getting new tools, a loan can help. Better tools, like special lights, can also help you grow better products.

2. Start or Fix-Up Your Store:

Your store is where you meet your customers. Use a loan to open a new store or make your current store better. This can mean a nicer design, better security, or faster check-outs.

3. Get the Word Out:

In a busy market, you want to stand out. A loan can help pay for ads, fancy packaging, or other ways to make your brand special. It's all about getting more customers and keeping them.

4. Offer More Types of Products:

Customers want more than just dried cannabis. They like edibles, oils, and other things. With a loan, you can try making new products that customers will love.

5. Stay on the Right Side of the Law:

The rules for selling cannabis can be tricky. A loan can help you pay for the licenses you need or hire experts to make sure you're doing everything right. This way, you avoid big fines or other problems.

Apply for Dispensary Loan

Meet your Clarify advisors

Clarify Capital dispensary loan advisors

We make sure you're getting the best loan terms possible, and set your cannabis business up for success. See how it works →

Minimum Qualifications

Here are the basic requirements to qualify for a dispensary loan. Even if you have bad credit, your Clarify advisor will guide you through it.

Over $10,000/month in gross sales

Your dispensary must be earning at least $10K per month in a business bank account.

Over 500 credit score

Your dispensary can get approved with any FICO score. But the higher your score, the better the deals from our lending partners.

Over 1 year in business

Your dispensary should be operational for at least 1 year. This shows lenders that your business is sustainable and won't default on the business loan.

Have a business bank account

Your Clarify advisor will need four months of your most recent bank statements. This is just to verify that your income is over $10K/month.

Start Application

Small Businesses ❤️ Clarify

Got a loan by using my other business

Clarify Capital is a lifesaver. I wanted to stock more strains for my customers, and their loan helped me do just that. Their team gets the cannabis business, which made the whole process smooth.

Robert C.

If you have another business, funding is easy

I'm new to the cannabis business. Thankfully, Adam at Clarify Capital isn't. Their insight and financial support gave my dispensary the boost it needed. Big shoutout to Adam!

Matthew S.

This is my second loan from Clarify Capital

If you're in the cannabis business and need a loan, Clarify Capital is the place to go. They helped me modernize my dispensary and attract more customers. The process was hassle-free and so supportive.

Nicola D.

Loan Options for Cannabis Dispensaries

Let's look at the best financing options for cannabis dispensaries and cannabis-related businesses. While these types of loans differ from what you might find from financial institutions for things like commercial real estate loans, they're critical business funding options to meet more immediate business needs common in the marijuana industry.

When you apply for a loan through Clarify, your dedicated financial adviser will guide you through the online application process. Our goal is to provide funding that fits the specific needs of your cannabis business.

Short-Term Loans

One of the most common business financing options is the term loan. A short-term loan is similar to financing you'd receive from a bank or credit union. You borrow a specific amount of capital at a specified APR and repayment terms and receive a lump sum for your business. The duration of the loan term can be flexible based on your needs as a borrower. This type of small business loan can be especially useful for cannabis entrepreneurs looking to launch a new cannabis product, such as marketing a new CBD or launching a campaign.

Apply for Short-Term Loan

Business Lines of Credit

Business lines of credit are an excellent cannabis financing solution to give your marijuana business quick access to funds without the higher interest rates of options like a business credit card. You only pay interest on funds you use from the available credit line.

Apply for Business Line of Credit

Equipment Loans

Equipment is essential for your cannabis business to operate at its full potential. Whether buying new equipment or paying to repair equipment, equipment financing can be your best option. In the case of equipment loans, the equipment is collateral for the loan.

Apply for Equipment Financing

Merchant Cash Advance

If you need instant access to a lump sum in your business bank account, a merchant cash advance (MCA) is an excellent option. Especially with the fluctuations of the cannabis industry and supply chain, an MCA can bridge cash flow gaps, weather a fluctuation in revenue, or cover an unexpected business expense.

Apply for Merchant Cash Advance

Types of Business Loans for Dispensaries

Here are the most common funding solutions for cannabis business owners. Your loan advisor at Clarify will guide you through all options that make sense for your specific business needs.

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How to get a dispensary loan for cannabis business

Cannabis Dispensary Loan FAQs

Can Cannabis Dispensaries Get SBA Loans?

Companies considered “Direct Cannabis Businesses” (cultivators, dispensaries, and processors) aren't eligible for SBA loans as of 2023.

Is Collateral Required for Cannabis Dispensary Loans?

Collateral requirements depend on whether the loan is secured or unsecured. Many loan options don't require collateral or a personal guarantee. Some funding types, like equipment financing, allow you to use the equipment as collateral.

Are cannabis business loans legal everywhere?

While cannabis is legal in certain states, it remains illegal federally in the U.S. It's essential to check state-specific regulations and ensure your business is compliant before seeking a loan.

How do lenders determine eligibility for a cannabis business loan?

Eligibility is based on several factors, including the state's legal stance on cannabis, your business plan, financial health, credit history, and the proposed use of funds.

Are interest rates higher for cannabis business loans compared to other loans?

Given the unique regulatory environment and risks associated with the cannabis industry, interest rates might be higher than conventional loans. Rates will vary by lender and applicant's qualifications.

Can I get a cannabis business loan if I'm just starting out?

Yes, some lenders offer startup loans specifically designed for new cannabis businesses. However, you may need a solid business plan, collateral, or a higher down payment.

Other businesses we fund

Clarify provides same-day loans to any business located in the United States. Here's other types of industries we work with:

Ready to grow your dispensary?

Get instant preapproval for a dispensary business loan today and have money in your account in as little as one day. Prequalify without affecting your credit!