cannabis working capital loans

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 …