New York 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 New York 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
Has marijuana been legalized in NY?
Yes, finally! Back in 2021 New Yorkers got a green light to use cannabis for both recreational and medicinal use, when former Governor Andrew Cuomo signed the Marijuana Regulation and Tax act. New Yorkers can possess up to 3 oz of marijuana for recreational use, or twenty four grams of concentrates.
In October 2022, a home grown medical marijuana law took effect, allowing medical cannabis patients aged 21 to grow up to three mature plants and three immature plants. For those unable to cultivate their own cannabis, designated caregivers are permitted to grow for up to four patients.
In November 2022, New York took major step toward launching a legal market for recreational pot by approving 36 businesses and nonprofits for licenses to operate the first retail dispensaries in the state, many of which are located in New York City and Long Island.
How do I go about starting a legal cannabis company in New York?
Connect with the Office of Cannabis Management. They’re the issuing department for marijuana licenses. A conditional adult use retail license costs $2000. The OCM has a goal of awarding 50% of the available licenses to social and economic equity applicants.
How do I go about starting a legal cannabis company in New York?
Connect with the Office of Cannabis Management. They’re the issuing department for marijuana licenses. A conditional adult use retail license costs $2000. The OCM has a goal of awarding 50% of the available licenses to social and economic equity applicants.
Do banks offer financing options to marijuana businesses in NY?
Fuhgettaboutit. It is very unlikely a cannabis company can borrow money from a New York bank. While cannabis is fully legal in New York, it is still classified as a Schedule One controlled substance and remains illegal federally. This is why most banks and credit card companies won't work with your company. Unfortunately, obtaining a loan for your business through your bank won't be possible.
This is where FundCanna can help. We only lend money to marijuana businesses. It's all we do.
New York Cannabis Retail Laws
The interactive map below shows which municipalities in New York allow for Cannabis retail locations.
FAQ's
Fuhgettaboutit. It is very unlikely a cannabis company can borrow money from a New York bank. While cannabis is fully legal in New York, it is still classified as a Schedule One controlled substance and thus remains illegal federally. This is why most banks and credit card companies won't work with you. Even if you dot all your i’s and cross all your t’s. So don’t hold your breath waiting for the big wigs to help. Also, don’t worry.
FundCanna can help. We only lend money to marijuana businesses. It's all we do.
You’re on the right path! We have a simple application process that takes about 5 minutes to complete. Get started by filling out the online application, upload the requested documents, and get approved in as little as 24 hours.
Not long at all! We know time is of the essence, and we take pride in getting you the money you need, lickety split. In almost all cases you’ll see the money in your account on the day you’re approved.
Looking for a Cannabis Loan in New York?
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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