Canna Business Resources Exits the Cannabis Lending Space, Shaking up the Cannabis Lending Market
If there is one thing we’ve learned after six plus years in the cannabis financing industry is that it is a huge game of whack-a-mole.
We work with lenders that only serve metro Denver or Metro Boston, or east of the Mississippi but only for dispensaries for example.
The list of what lenders will fund and where they will fund cannabis businesses is an endless puzzle.
In 2025, that is about to get a bit harder. We were notified in December of 2024 that one of the most well known cannabis lenders is transitioning away from cannabis lending this year.
Canna Business Resources, which promotes itself as the #1 Direct Lender in Cannabis, was a very early entrant and well known direct lender in the space.
They offered a wide range of financing for cannabis companies including working capital loans, cannabis equipment financing, cannabis real estate financing and AR/invoice lines of credit.
This will undoubtedly leave a hole in lending options for the cannabis industry as operators continue to struggle accessing sources of capital to start, run and grow your business.
What happens from here?
At Loanviser we are always scouring the country for sources of capital for cannabis operators and we are adding new options as we find them.
There are financing options available and we have a large network of them. From Credit Unions and some banks to private capital, hard money lenders, real estate investors, management companies and more we can help you identify which lenders you qualify for and prepare you to engage with them to get financed.
Contact us for a no-obligation consultation today.
We’ll help identify what paths are available and what those general program parameters will look like.
About the Author: Daryl Eames is the founder of Loanviser and the NH Cannabis Association LLC. He has advocated for cannabis legalization in the state of New Hampshire and has deep experience in cannabis financing and cannabis merchant processing, servicing the cannabis industry since 2019.
