Virginia 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

Virginia

Cannabis Businesses

Seeking Virginia Cannabis Loans? You’re in the right place. Below, we’ll walk you through what you need to know about securing cannabis financing in the Old Dominion. From launching a new venture to scaling up operations, we’ll help you find the capital to grow confidently.

WHY UPWISE FOR

CANNABIS LOANS IN VIRGINIA

Capture Virginia’s emerging medical and adult-use opportunities with tailored funding solutions.
From dispensary setups to cultivation expansions, our financing adapts to your specific operational goals.
Navigate Virginia’s evolving cannabis laws and licensing requirements with guidance from a skilled advisory team.
Secure the capital you need fast through a streamlined underwriting process, allowing you to stay ahead of market changes.

Virginia

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

Virginia?

es, but it’s evolving. In 2021, Virginia legalized the possession of small amounts of cannabis for adults 21 and older. Plans to establish a regulated adult-use retail market by 2024 have been under legislative review, and the final framework is still in flux.

Meanwhile, the state’s medical cannabis program is overseen by the Virginia Board of Pharmacy, issuing licenses for processing, dispensing, and pharmaceutical processors. Keep an eye on emerging updates from both the Virginia legislature and the Virginia Cannabis Control Authority (CCA) for the latest rules and timelines.

How to Get a Cannabis License in

Virginia?

Virginia currently issues licenses for medical cannabis through the Board of Pharmacy. Applicants must meet background check requirements, obtain local zoning approvals, and present a solid business plan. As the adult-use framework unfolds, further licensing processes may be administered by the CCA. Because the regulations are shifting, research and expert advice are essential.

Upwise Capital: Your Partner in Growing

Virginia

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 & Facilities

Modernize grow lights, HVAC, and related infrastructure.
Invest in quality extraction, processing, or testing equipment.
Remodel or expand your facility for improved workflow and compliance.
Strengthen security with surveillance cameras and robust access controls.

Managing Ongoing Expenses

Cannabis loans can also also help with day-to-day overhead like payroll, rent, and inventory. Consistent cash flow means you can focus on delivering high-quality products and services, rather than worrying about short-term funding gaps.
cannabis business financing
cannabis loans

Expanding Your Dispensary

Add more staff to enhance customer experience.
Expand your product lines with dispensary loans.
Execute targeted marketing campaigns to attract your local community.
Reinvent your store layout for an appealing and professional atmosphere.

Do Banks Lend to Cannabis in

Virginia?

Because cannabis remains federally classified as a Schedule I substance, many traditional banks stay on the sidelines. Upwise Capital bridges this gap by offering Virginia cannabis funding solutions specifically tailored to the needs of this emerging market—so you can keep your business moving forward.

How to Apply for a Cannabis

Loan in

Virginia

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)

Virginia

Cannabis Financing: FAQ

Absolutely! While federal restrictions often deter traditional lenders, alternative funding solutions like Upwise Capital are here to fuel your growth.

Simply fill out our online application and provide standard business and financial paperwork. We often grant decisions within 24 hours, letting you act fast in a dynamic industry.

Smaller financing solutions—like working capital or lines of credit—may close in a single day. Larger deals, such as real estate or facility expansions, typically take a few weeks. We’ll keep you informed along the way.

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 collaborate with businesses all across Virginia, such as:

  1. Virginia Beach
  2. Norfolk
  3. Chesapeake
  4. Richmond
  5. Newport News
  6. Alexandria
  7. Hampton
  8. Roanoke
  9. Portsmouth
  10. Suffolk
    …and beyond!

Yes! We have a referral partner program that rewards you for every successful referral. To learn more, visit: https://upwisecapital.com/cannabis-financing/cannabis-partners/
Fill out the form, and our team will get in touch shortly.

cannabis business loans in virginia
Virginia’s cannabis market is in a pivotal stage of growth, with evolving frameworks for both medical and adult-use programs. Upwise Capital enables cannabis operators to capitalize on these developments with customized financing packages—geared toward real estate acquisitions, equipment purchases, or daily working capital needs. Our team also offers robust regulatory support, ensuring that you remain compliant with a shifting set of state guidelines. Lean on Upwise Capital for quick approvals, client-centered loan structures, and the confidence to navigate Virginia’s flourishing cannabis arena.

Why Upwise for

Virginia 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