Entrepreneurs and business investors alike are responding to demand as legislation for medicinal and adjacent cannabis products. At Topnotch, we provide the capital that entrepreneurs need to launch their dispensaries.
We understand that the average dispensary requires between $150,000 and $2 million to get off the ground. Topnotch provides cannabis dispensary loans, and our simple application and approval process cuts down waiting times so you can access the funding you need, when you need it.
While the cannabis industry is growing at a very fast pace, there are still strong headwinds when it comes to financing dispensaries. Even CBD products face challenges at the local, state, and federal level, including:
Cannabis is still considered a Schedule I drug, and traditional lending channels are averse to dealing with entrepreneurs who want to open dispensaries or sell CBD products.
Topnotch provides working capital and loans for cannabis dispensaries and startups. We work directly with cannabis businesses to structure solutions tailored to their needs. Our Cannabis business loans are structured around:
We do not require pay stubs, tax returns, or proof of revenue for approval.
From small business loans to working capital, and even merchant processing, Topnotch is a leader in financing for cannabis dispensaries and businesses. To get a loan to launch your cannabis dispensary, contact the team at Topnotch today.
See our wide variety of services: Cannabis Payment Processor, Merchant Services, Cashless ATMs, Digital Marketing, Working Capital