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Cannabis Business Income Loan

Clear guidelines for qualifying eligible borrowers.

A common-sense path to homeownership for licensed-cannabis and CBD professionals. We accept W-2 income from state-licensed dispensaries, plus bank-statement and full-doc options for owners.

Highlights

  • Eligible cannabis income from licensed dispensaries and CBD-only businesses
  • W-2 income accepted from state-licensed dispensaries
  • Business owners eligible — full doc or bank statements
  • CBD-only companies allowed
  • Minimum FICO: 680
  • Primary residence only — Single-Family Residence (SFR)
  • 12 months reserves required
  • Max LTV: 80% Purchase | 75% Refinance
Apply for this program(817) 482-3900

What we do — and what we don't. Local Loan Store™ specializes in commercial, investor, and non-owner-occupied lending plus secured & unsecured business working capital. We do not originate personal loans or owner-occupied residential mortgages. If your scenario is personal or owner-occupied, we'll happily refer you to a trusted partner who is ready to help — just submit your inquiry and we'll route it to the right desk.

How funding works

  1. 1

    Send last 12 months of W-2s or business bank statements

  2. 2

    Confirm state-licensed cannabis or CBD employer/owner status

  3. 3

    We verify reserves (12 months) and order appraisal

  4. 4

    Close on your primary SFR — typically 25–30 days

Real borrower scenarios

Worked examples using the program's actual LTV and qualifying rules. Numbers are illustrative — your file determines your final terms.

Dispensary GM, W-2 income $115k

80% LTV

FICO 705, 12 mo. reserves, first home

Financed Down payment
Property value
$525,000
Loan amount
$420,000
Down payment
$105,000
Cash to close (est.)
$123,000

80% LTV purchase — same approval path as a traditional W-2 buyer.

Multi-store CBD owner, bank-statement docs

75% LTV

Owner-operator, 24 mo. business statements, FICO 690

Financed Down payment
Property value
$750,000
Loan amount
$562,500
Down payment
$187,500
Cash to close (est.)
$209,500

75% LTV refinance using deposit-based qualifying income.

Max LTV by program

% of value financed at purchase — click a bar to open the program

Max loan amount

USD millions — click a bar to open the program

Indicative rate ranges

Lower band = best-case pricing. Hover for details, click to open the program.

Knowledge & insights

Most agency lenders won't touch cannabis income because the industry remains federally Schedule I — non-QM lenders fill this gap with state-licensed verification.

We require 12 months of reserves precisely because federal banking access for cannabis operators can be uneven; reserves protect the loan and the borrower.

CBD-only operators (with a federally compliant 2018 Farm Bill product) are treated more flexibly than THC-touching operators.

Apply for this program

Did you know?

  • Legal cannabis is one of the fastest-growing job sectors in the U.S., with hundreds of thousands of state-legal positions added in the last few years.
  • Bank-statement underwriting was originally built for self-employed borrowers — cannabis owners were one of the first specialty cohorts to benefit from it.
Apply for this program

Frequently asked questions

Quick answers about Cannabis Business Income Loan. Not seeing your question? Talk to a loan officer below.

Do I need to work in a dispensary?
No — both dispensary employees (W-2) and licensed business owners qualify.
Are CBD-only businesses eligible?
Yes, CBD-only companies are explicitly allowed.
Can I use this for a rental property?
Not under this program — it's for primary-residence single-family homes only.
Apply for this program

Get matched to Cannabis Business Income Loan

Submit your scenario — a loan officer will confirm program fit and indicative pricing within one business day.

By submitting, you agree to be contacted by The Local Loan Store™ by phone, text, or email about your inquiry — including by autodialer or prerecorded voice — even if your number is on a Do Not Call list. Consent is not a condition of credit and message/data rates may apply. No credit pull. You also agree to our Terms of Use, Privacy Policy, and E-Sign Consent. We serve urban and rural markets and are an Equal Housing Lender.

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