Utah Cannabis Loans

Stay ahead of the curve - get access today!

Get in touch now and harness the power of our full cannabis product suite.

Name(Required)

Fueling

Utah

Cannabis Businesses

Curious about cannabis financing in Utah? You’re in the right place. On this page, we’ll lay out everything you need to know about cannabis loans in Utah, from legality and licensing to funding options that help you hit your milestones.

WHY UPWISE FOR

CANNABIS LOANS IN UTAH?

Rely on customized cannabis funding solutions for your unique goals.
We offer cannabis financing with quick approvals and minimal hassle.
Enjoy friendly, knowledgeable support on dispensary loans from start to finish.
Expect honest terms and transparent timelines that keep your business moving forward.

Utah

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

Utah?

Utah legalized medical cannabis in December 2018. Patients 18 and older with qualifying conditions can obtain a medical marijuana card for legal access. Recreational cannabis remains illegal. As regulations evolve, a strong financial plan can help you adapt and thrive in this emerging market.

How to Get a Cannabis License in

Utah?

Utah grants medical cannabis licenses for cultivation, processing, and dispensaries (also known as “pharmacies” in Utah). License fees vary, and the application process goes through the Utah Department of Health & Human Services. You’ll need documents like business plans, security protocols, and background checks. The process can be time-consuming, so stay organized and be thorough to increase your chances of success.

Upwise Capital: Your Partner in Growing

Utah

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

Expand your growing space for bigger yields.
Strengthen security to meet Utah’s regulations.
Modernize HVAC, lighting, and climate control.
Acquire advanced extraction or testing equipment.

Covering Day-to-Day Operations

A cannabis loan in Utah helps ensure you can tackle ongoing expenses like rent, payroll, and product restocking. Steady cash flow means you can focus on patient care, regulatory compliance, and growing your brand without constant worries about finances.
cannabis business financing
cannabis loans

Enhancing Dispensary Services

Redesign your storefront for a welcoming environment.
Launch targeted marketing to draw in qualified patients.
Hire and train knowledgeable staff for medical patients.
Utilize Utah dispensary loans to boost your product range.

Do Banks Lend to Cannabis in

Utah?

Although Utah permits medical marijuana, federal law still classifies cannabis as a Schedule I substance. This causes many traditional banks to steer clear of cannabis ventures. That’s where Upwise Capital steps in—an alternative lender specializing in cannabis financing in Utah to keep your business powered up for success.

How to Apply for a Cannabis

Loan in

Utah

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)

Utah

Cannabis Financing: FAQ

Absolutely. While traditional banks may shy away from the industry, Upwise Capital is proud to provide cannabis funding for licensed operations.

Start with our easy online application. Then, provide supporting documents like financial statements, industry licensing, and personal identification. You could receive approval in as little as 24 hours.

For smaller-scale needs like working capital or lines of credit, funding can arrive the same day. Larger projects, such as real estate transactions, typically take a few weeks, but we’ll keep the process transparent and efficient.

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’re proud to serve cannabis businesses throughout Utah, whether you’re in a major city or a small community. Here’s a look at just some of the locations we cover:

  • Salt Lake City
  • West Valley City
  • Provo
  • West Jordan
  • Orem
  • Sandy
  • Ogden
  • St. George
  • Layton
  • South Jordan
  • Lehi
  • Millcreek
  • Taylorsville
  • Logan
  • Murray
  • Draper
  • Bountiful
  • Riverton
  • Roy
  • Spanish Fork
  • Pleasant Grove
  • Tooele
  • Springville
  • Cedar City
  • Kaysville
  • Midvale
  • Cottonwood Heights
  • American Fork
  • Holladay
  • Syracuse
  • Eagle Mountain
  • Clearfield
  • Herriman
  • Saratoga Springs
  • Hurricane
  • Washington
  • Farmington
  • Clinton
  • South Ogden
  • South Salt Lake
  • North Salt Lake
  • Payson
  • Brigham City
  • Woods Cross
  • West Haven
  • Tremonton
  • Willard
  • Vernal
  • Uintah
  • Morgan
  • Heber City
  • Park City
  • Santa Clara
  • Ivins
  • Alpine
  • Pleasant View
  • Smithfield
  • Nibley
  • Mapleton
  • Hooper
  • North Logan
  • Providence
  • Bluffdale
  • Farr West
  • Grantsville
  • Washington Terrace
  • Riverdale
  • Payson
  • Lindon
    …and many more. No matter where you’re based in the Beehive State, Upwise Capital stands ready to help.

Definitely! We run a referral partner program that awards compensation for each successful referral. To learn more or get started, visit:https://upwisecapital.com/cannabis-financing/cannabis-partners/
and fill out the form. Our team will follow up with next steps.

cannabis loans in utah
Your journey toward Utah cannabis loans starts here—partner with Upwise Capital, the #1 trusted source for cannabis financing. We’ll streamline the process, offer flexible terms, and guide you at every turn so you can deliver first-rate medical products to a growing market. Don’t wait—apply now and watch your Utah cannabis venture thrive!

Why Upwise for

Utah 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