cannabis lending

Cannabis Financing 2025

Cannabis Financing Update for Q4 2025 – Looking Forward to 2026

A Look Back at the Cannabis Financing Industry for 2025 and a Look Forward to 2026
A Year in Review

2025 was another turbulent year in the cannabis lending space, marked by a series of distinct waves.

The year opened with several long-standing cannabis lenders exiting the industry. Momentum briefly returned as the Federal Reserve lowered benchmark rates.

Then things tightened again when …

Cannabis Industry Debt Wall

The Cannabis Debt Wall Is Real. Here’s How to Get in Front of It

The Coming Cannabis Debt Crunch
Across the U.S. cannabis sector, roughly $6 billion of debt is scheduled to mature by the end of 2026, with the five largest multi-state cannabis operators carrying about $3.4 billion of that load.

After years of limited access to traditional bank loans, many cannabis companies leaned on high-cost private debt. Those maturities are now clustering into …