Financing for Cannabis Dispensaries

Financing for Cannabis Dispensaries

Cannabis businesses have
tremendous growth potential.

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.

Eliminating Hurdles to Financing Your Dispensary

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:

  • Banks consider cannabis businesses to be “high risk” investments
  • Federal banking laws have not caught up to new industries
  • Red tape to secure traditional loans

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.

Cannabis Financing Solutions

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:

  • Revenue
  • Cash flow
  • Personal credit history of the business owner(s)
  • Bank deposits per month
  • Factors specific to the business

We do not require pay stubs, tax returns, or proof of revenue for approval.

Get Your Dispensary Funded

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.

Call us at 817-898-8585