Michigan Cannabis Loans

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Name(Required)

Fueling

Michigan

Cannabis Businesses

Looking for Michigan Cannabis Loans? You bet, you’ve come to the right place. On this page, we’ll cover everything you need to know about cannabis financing in your Michigan. We’ve got your back with friendly, flexible funding for your cannabis operation.

WHY UPWISE FOR

CANNABIS FINANCING IN MICHIGAN

Deep understanding of Michigan’s unique cannabis regulations and market dynamics
Michigan cannabis financing experts with proven track record since 2014
Specialized funding solutions for dispensaries, growers, and processors statewide
Direct access to multiple cannabis-friendly funding sources under one application

Michigan

Cannabis Business Loan Products

Explore our suite of flexible cannabis business loan products designed to provide the capital you need to expand, upgrade and outpace the competition.

Has Cannabis Been Legalized in

Michigan?

Michigan legalized medical cannabis in 2008 under the Michigan Medical Marihuana Act. Recreational use followed in November 2018. You must be at least 21 to purchase recreational cannabis (medical patients must be at least 18 with a valid medical card). Both medical and recreational use are permitted across the state.

How to Get a Cannabis License in

Michigan?

Michigan offers several license types, including growing, processing, provisioning centers (dispensaries), secure transport, and safety compliance. Application fees vary by license category, and the state’s Cannabis Regulatory Agency (CRA) oversees the entire process. You’ll need background checks, local zoning approval, and a detailed business plan as part of your application. The process can be complex, so good planning and organization are essential.

Upwise Capital: Your Partner in Growing

Michigan

Cannabis Ventures

4.9
powered by Google
Jonathan F
21:12 08 Apr 24
Timely efficient, def would work with again, made the processs easy
Hatchet's & More
13:24 20 Mar 24
Absolutely great customer service. Jim is such a professional and was able to get us funding. Thanks Jim and Upwise Capital.
Nothing But Hemp
20:13 08 Mar 24
Donna Essner
20:45 06 Mar 24
Craig went above and beyond to get this deal done! I would highly recommend UpWise Capital if you're looking for a broker to get investors onboard.
Merideth Cann
02:30 21 Feb 24
Leo provided a very quick turn around and is a pleasure to work with !
Alba De La Cruz
01:16 17 Jan 24
I worked with Leo. He is very attentive and professional.
Mohamed Khanafer
22:37 02 Nov 23
Craig made himself available all the time, he was very attentive, professional and easy to work with. Highly recommend!
Tammy Sockwell
11:09 06 Oct 23
We worked with Leo for our line of credit. We are a trucking company an can be a challenge to secure financing. The process was smooth and fast funding. Our only complaint would be that Leo was a little impatience when it came to our decision making. We are very thankful for the funding and would do business with them again. Thanks,
Upwise
Sharon Johnson
14:57 18 Jul 23
Leo got us a line of credit loan very quickly to help with expenses we incurred during our new business building purchase.
Mike Maffei
14:40 20 Jun 23
You are always hesitant when working with a finance firm to borrow money to grow your company But, I highly recommend Upwise Capital. Lou and Marc went out of their way to ensure everything was taken care of. Very professional in all steps taken to secure the financing I needed. I look forward to continuing the business relationship.
Niyetroshia Thomas
15:17 06 Jun 22
I rarely write reviews, but my experience with Leo was absolutely. Leo was patient, knowledgeable, and extremely responsive. During a hectic work week he continued to bare with me to be sure that i had all the information I was requesting. He got me the capital I needed within one day. I highly recommend this company!

How Can I Use My Cannabis Loan?

ancillary cannabis businesses

Upgrading Equipment & Infrastructure

Invest in high-quality lighting and irrigation systems.
Enhance security with cameras and access controls.
Acquire top-grade processing equipment for extracts.
Improve HVAC and ventilation for premium plant health.

Powering Daily Operations & Cash Flow

Having steady capital ensures payroll, rent, and emergencies are covered. That extra funding buffer helps you manage the day-to-day without worrying about dips in revenues or surprise expenses. By leveraging cannabis loans in Michigan, you can focus on strategic growth and customer satisfaction instead of short-term cash concerns.
cannabis business financing
cannabis loans

Expanding Your Retail Dispensary

Hire more staff to serve growing customer demand.
Increase product offerings and boost Michigan dispensary loans potential.
Renovate your dispensary layout for a better experience.
Launch marketing campaigns to stand out in your region.

Do Banks Lend to Cannabis in

Michigan?

Most traditional banks hesitate due to cannabis still being classified as a Schedule I substance federally. This mismatch between federal and state law makes alternative lending a crucial resource for Michigan cannabis businesses. That’s where Upwise Capital comes in—we provide Michigan cannabis financing solutions when banks won’t, so you can secure the funds you need to thrive.

How to Apply for a Cannabis

Loan in

Michigan

Act Now and Benefit from an 85% Approval Rate for Your Funding Needs!

Supporting Success: The Role of Cannabis Businesses in Driving Growth and Innovation

Name(Required)

Michigan

Cannabis Financing: FAQ

Absolutely! Traditional banking can be tricky because of federal regulations, but alternative lending has your back. Upwise Capital specializes in Michigan cannabis funding and custom solutions for your operation.

Simply fill out our online application, provide essential documentation (financials, licenses, etc.), and our team reviews everything. You could see approval in as little as 24 hours, so you can keep things moving.

You might get same-day funding through direct deposit for working capital and lines of credit. Larger transactions, such as real estate financing or construction loans, may take a few weeks—don’t worry, we’ll keep you updated the whole way.

As a leader in cannabis business funding, Upwise Capital delivers flexible financing solutions that grow with your business. We recognize that cannabis entrepreneurs need more than traditional lending options, which is why we’ve built a comprehensive portfolio of funding products. Each solution is structured to support your specific business goals while navigating industry regulations.

We offer cannabis financing in Michigan in every city across the state. That includes major hubs like Detroit, Grand Rapids, Warren, Sterling Heights, Ann Arbor, Lansing, Flint, Dearborn, Livonia, Westland, and beyond. If you’re in Michigan, we’re here for you!

Below is a more comprehensive (though not exhaustive) list of municipalities in Michigan:

  1. Adrian
  2. Albion
  3. Algonac
  4. Allen Park
  5. Allendale
  6. Alma
  7. Alpena
  8. Ann Arbor
  9. Auburn Hills
  10. Bad Axe
  11. Battle Creek
  12. Bay City
  13. Belding
  14. Benton Harbor
  15. Berkley
  16. Big Rapids
  17. Birmingham
  18. Bloomfield Hills
  19. Boyne City
  20. Brighton
  21. Bridgeport
  22. Cadillac
  23. Canton
  24. Caro
  25. Carrollton
  26. Charlotte
  27. Cheboygan
  28. Clawson
  29. Coldwater
  30. Davison
  31. Dearborn
  32. Dearborn Heights
  33. DeWitt
  34. Detroit
  35. Dexter
  36. East Grand Rapids
  37. East Lansing
  38. Eastpointe
  39. Ecorse
  40. Escanaba
  41. Fenton
  42. Ferndale
  43. Flat Rock
  44. Flint
  45. Flushing
  46. Fraser
  47. Gaylord
  48. Grand Blanc
  49. Grand Haven
  50. Grand Ledge
  51. Grand Rapids
  52. Grandville
  53. Greenville
  54. Grosse Pointe
  55. Hamtramck
  56. Hancock
  57. Harbor Springs
  58. Harper Woods
  59. Harrison
  60. Harrison Township
  61. Hastings
  62. Hazel Park
  63. Highland Park
  64. Hillsdale
  65. Holland
  66. Holt
  67. Houghton
  68. Howell
  69. Hudsonville
  70. Huntington Woods
  71. Inkster
  72. Ishpeming
  73. Jackson
  74. Kalamazoo
  75. Kentwood
  76. Kingsford
  77. Lake Orion
  78. Lansing
  79. Lapeer
  80. Lincoln Park
  81. Linden
  82. Livonia
  83. Ludington
  84. Madison Heights
  85. Manistee
  86. Marquette
  87. Marshall
  88. Marysville
  89. Mason
  90. Melvindale
  91. Midland
  92. Milan
  93. Monroe
  94. Mount Clemens
  95. Mount Pleasant
  96. Muskegon
  97. Muskegon Heights
  98. New Baltimore
  99. Newaygo
  100. Niles
  101. Northville
  102. Norton Shores
  103. Novi
  104. Oak Park
  105. Orchard Lake Village
  106. Owosso
  107. Petoskey
  108. Plymouth
  109. Pontiac
  110. Port Huron
  111. Portage
  112. Potterville
  113. Redford
  114. River Rouge
  115. Riverview
  116. Rochester
  117. Rochester Hills
  118. Rockford
  119. Roseville
  120. Royal Oak
  121. Saginaw
  122. Saint Clair Shores
  123. Saint Joseph
  124. Shelby Township
  125. South Haven
  126. South Lyon
  127. Southfield
  128. Southgate
  129. Sterling Heights
  130. Taylor
  131. Tecumseh
  132. Three Rivers
  133. Tigerton
  134. Traverse City
  135. Trenton
  136. Troy
  137. Walker
  138. Walled Lake
  139. Warren
  140. Washington Township
  141. Waterford
  142. Watervliet
  143. Wayne
  144. West Bloomfield
  145. West Branch
  146. Westland
  147. White Lake
  148. Wixom
  149. Woodhaven
  150. Wyoming
  151. Ypsilanti

And many more! We serve every city, village, and township in the state, so if you don’t see your location, reach out anyway—we’re here to help.

cannabis business loans in michigan
Michigan boasts a growing adult-use and medical cannabis industry, presenting tremendous potential for cultivators, dispensaries, and ancillary businesses. Upwise Capital offers specialized financing to help you expand facilities, invest in new equipment, or fund day-to-day operations. Our efficient application process, transparent lending terms, and industry expertise ensure you remain compliant and ready to capitalize on Michigan’s ever-evolving cannabis market.

Why Upwise for

Michigan Cannabis Funding

Quick & easy application

Our simple 15-minute application gets you on your way to funding quickly. Most applicants receive a fast decision within hours of applying. Then just choose your loan terms and you could have funds deposited into your account as soon as 24 hours.

Ensure you make the wise choice

Every Upwise applicant gets a dedicated funding advisor who takes the time to understand your business and it's unique needs. We are here for your support throughout the entire funding process.

Access multiple financing options

Upwise has an extensive product suite and a network of 100+ lenders. This means you're more likely to find the best match for your funding needs.

cannabis loans