Massachusetts Cannabis Business Loans

Prior to recreational cannabis Massachusetts required all medical marijuana companies be vertically integrated. That all changed when recreational cannabis ballot initiative, Question 4, passed. There are now 7 types of cannabis companies you can start. Cultivation, Manufacturing, Retail, Transportation, Marijuana Research Facility, Testing Labs, and Microbusiness.

The applications for recreational licenses are not that much. They range from $100-$600 depending on the license type and size of business. Recreational retail, manufacturing, and testing labs must also pay a $5,000 license fee. The license fee for recreational cultivation facilities ranges from $625 – $25,000 bas on the size and type of grow. While the cost to start a recreational business seem reasonable, these same fees for medical marijuana businesses are way higher. The application fee for a medical business is $31,500 and the license fee is $50,000. Make sure to check the local regulations on cannabis, as counties are able to opt-out of legalization and become “dry counties” which prohibit growth, sale, and use of cannabis. Licenses will not be approved prior to securing a building, appropriate security, and other measures. In order to get all of those things in place, you’re going to need financing.