Minnesota Cannabis Loans

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Fueling

Minnesota

Cannabis Businesses

Got big plans in Minnesota’s cannabis industry? You’re in the right place. Here, we’ll talk about everything you need to know about Minnesota cannabis financing, Minnesota cannabis funding, cannabis financing in Minnesota, cannabis loans in Minnesota, and Minnesota dispensary loans.

WHY UPWISE FOR

CANNABIS LOANS IN MINNESOTA

We work quickly to fund you on a timeline you can trust.
We know Minnesota’s regulations and cut through red tape.
Our tailored solutions simplify Minnesota cannabis financing so you succeed.
Our transparent terms make Minnesota cannabis funding straightforward and stress-free.

Minnesota

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

Minnesota?

Yes. As of May 2023, Minnesota legalized adult-use cannabis for individuals 21+ and continues to allow medical use. Recreational customers can possess and purchase limited amounts, while medical patients have broader access. Make sure you follow age checks and licensing laws to stay compliant.

How to Get a Cannabis License in

Minnesota?

There are several license types, from cultivation to retail dispensaries. Application fees vary based on license category, and the Minnesota Office of Cannabis Management (OCM) oversees the process. Basic requirements include a clear background check, proof of capital, and a detailed business plan. The licensing process can be complex, so consult experts or seasoned advisors for support.

Upwise Capital: Your Partner in Growing

Minnesota

Cannabis Ventures

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Kwon Jason profile picture
Kwon Jason
1 month ago
Leo helped me from the beginning and to the end of this whole process. He helped me to feel at ease and is highly reliable. Thank you.
Trisha Smith profile picture
Trisha Smith
5 months ago
Working with Mike Kowal was truly an exceptional experience from start to finish. He was personable, highly responsive, and consistently communicative, taking the time to educate me throughout the entire process so I fully understood what was happening at every step.

What truly set Mike apart was his honesty. He reviewed multiple lender options with me in a fair, transparent way, walking me through the pros and cons of each and helping me understand every angle. He encouraged me to move forward only with what felt right for my business, never once making me feel pressured to choose him or Upwise. That level of professionalism is rare.

Mike also worked hard to build genuine personal rapport — something no other representative I spoke with did. He took the time to understand my business, explored different paths, and made sure I felt confident and comfortable throughout the decision-making process.

The follow-up from Mike and every member of his team has been above and beyond anything I’ve experienced with other lenders. Every interaction feels thoughtful, client-focused, supportive and most important- genuine. I’m incredibly grateful for the experience and would confidently recommend Mike to anyone looking for a knowledgeable, ethical, and truly client-first lending partner.
HMP Wholesale profile picture
HMP Wholesale
6 months ago
Convenient and aggressively priced rates - beats the market. Craig was great at speeding up the process and making it smooth.
brandon banks profile picture
brandon banks
6 months ago
I was able to secure a business loan in an industry that typically has a hard time getting approved. Craig and the team at Upwise made it happen from start to finish. Professional, responsive, and results-driven. A+ experience all around!
Upwise Capital and Daniel Joseph were great in helping me obtain financing and grow my janitorial business. Mr. Joseph is quick, efficient and professional. Funding was complete in just a few hours. Daniel is very detailed and easy to work with. He stuck with me from beginning to end. Thank you Upwise Capital and Daniel for helping to expand my business. I appreciate all your help.
The rates for loans are horrible, and if you disagree with them, they get angry and hang up on you lol. It is clear they are in business to get the best deal for themselves, not the customer. Leo Lamb, one of their funding managers comes across like a used car salesman. When I called them out for their shady practices, he got very aggravated.

Update: Leo contacted me, and after basically insulting me concerning their prior behavior, I decided to let them run my application. After being ghosted for the day, they finally came back and denied due to another loan my business was involved in. These people get their feelings hurt way to easy to be in this business. I would not recommend this company to anyone.
Stacy Aleixo profile picture
Stacy Aleixo
11 months ago
The process was very simple and fast! Craig is a pro and helped so much during what I thought would be a stressful transaction. As we know it’s so hard to receive funding for cannabis, or so I thought! I highly recommend Upwise Capital.
Jonathan F profile picture
Jonathan F
2 years ago
Timely efficient, def would work with again, made the processs easy
Hatchet's & More profile picture
Hatchet's & More
2 years ago
Absolutely great customer service. Jim is such a professional and was able to get us funding. Thanks Jim and Upwise Capital.
Nothing But Hemp profile picture
Nothing But Hemp
2 years ago
Donna Essner profile picture
Donna Essner
2 years ago
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 profile picture
Merideth Cann
2 years ago
Leo provided a very quick turn around and is a pleasure to work with !
Alba De La Cruz profile picture
Alba De La Cruz
2 years ago
I worked with Leo. He is very attentive and professional.
Mohamed Khanafer profile picture
Mohamed Khanafer
3 years ago
Craig made himself available all the time, he was very attentive, professional and easy to work with. Highly recommend!
Tammy Sockwell profile picture
Tammy Sockwell
3 years ago
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 profile picture
Sharon Johnson
3 years ago
Leo got us a line of credit loan very quickly to help with expenses we incurred during our new business building purchase.
Mike Maffei profile picture
Mike Maffei
3 years ago
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.
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

Install high-efficiency extraction machinery.
Upgrade security cameras and surveillance.
Enhance retail displays for your Minnesota dispensary.
Buy specialized grow lights or climate-control systems.

Expanding Team Capacity

As your Minnesota cannabis enterprise grows, you may need more employees or specialized talent. With a Minnesota Cannabis Loans program, you can hire budtenders, cultivation experts, compliance officers, and marketing professionals. This expansion empowers you to serve more customers, innovate faster, and keep your operation running smoothly.
cannabis business financing
cannabis loans

Boosting Marketing & Branding

Fund local or statewide events to build brand awareness.
Develop eye-catching campaigns for new product lines.
Strengthen social media presence to showcase unique offerings.
Launch digital ads targeting emerging Minnesota cannabis consumers.

Do Banks Lend to Cannabis in

Minnesota?

Federal law still classifies cannabis as a Schedule I substance, creating conflicts between state and federal regulations. Because of that conflict, many traditional banks avoid cannabis loans in Minnesota. Instead, alternative lending—like Upwise Capital—bridges the gap, offering flexible Minnesota dispensary loans and cannabis financing in Minnesota.

How to Apply for a Cannabis

Loan in

Minnesota

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)

Minnesota

Cannabis Financing: FAQ

Yes! You can access Minnesota cannabis funding by working with alternative lenders who understand this unique market. Upwise Capital specializes in cannabis financing in Minnesota and can guide you every step of the way.

Simply fill out our online application, provide your basic business documents, and await approval, which can happen in as little as 24 hours.

Working capital and lines of credit can offer same-day funding direct to your account. Real estate financing or construction loans usually take a few weeks, but the entire process is streamlined to get you funded fast.

Understanding the unique challenges of the cannabis industry, Upwise Capital offers a comprehensive suite of financing solutions designed specifically for cannabis businesses. Whether you need working capital for growth, equipment financing for expansion, or real estate funding for your next location, our flexible options adapt to your business needs and cash flow.

We proudly offer cannabis loans in Minnesota statewide, from Minneapolis to Duluth, Rochester, Bloomington, Brooklyn Park, Plymouth, St. Cloud, Eagan, Woodbury, Maple Grove, and every city in between. Wherever you’re located, we’ll help you get the capital you need!

Absolutely. Upwise has a referral partner program that compensates for approved referrals. Become a partner by filling out the form at https://upwisecapital.com/cannabis-financing/cannabis-partners/, and our team will reach out to you.

cannabis business loans in minnesota
Navigating cannabis loans in Minnesota doesn’t have to be complicated. At Upwise Capital, we’re here to guide you through every step, from paperwork to funding. If you’re ready to grow your operation, expand your dispensary, or invest in new equipment, put your trust in the #1 source for Minnesota cannabis financing. Apply today and see how simple it can be to get the capital you need!

Why Upwise for

Minnesota 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