FundCanna CEO Adam Stettner discussed how medical versus adult-use licenses now inform underwriting.
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Publisher name
Public post
The next rewrite of who can own a cannabis license may come from a court, not a ballot. For operators, that could open opportunities to expand, bring in a partner or acq…
Company
FundCanna
Providing flexible capital for the Cannabis Industry.
- Industry
- Financial Services
- Location
- San Diego, US
- Company size
- 11–50 employees
About FundCanna
FundCanna is the leading source of capital for the cannabis industry nationwide. The funding products FundCanna offers are customizable, flexible, renewable and reliable. The financing offered is designed exclusively for cannabis operations and the ancillary companies that support the industry. Based in San Diego, California FundCanna has underwritten over 6,000 clients and approved over $500Million to the Cannabis industry across all verticals and in over 40 states. FundCanna’s team of experts has provided $20 billion in on-balance sheet funding to underserved businesses and individuals across the country. Adam Stettner, founder and CEO of FundCanna, has successfully founded and operated finance companies for the past 20-plus years, earning numerous national awards and recognition including EY’s Entrepreneur of the Year and seven showings on the Inc. 500/5000. Stettner and his team have focused exclusively on financing licensed cannabis operators and ancillary providers since 2021. For more information about FundCanna and Cannabis financing, visit www.FundCanna.com.
See moreLatest activity
Latest activity from FundCanna
5 signals
Presence & Recognition
FundCanna CEO Adam Stettner was asked by Shadd Dales on capital access if cannabis reaches Schedule III, with Adam Stettner pointing to First Citizens Bank as an example of larger banks coming in first.
Legal & Regulatory
FundCanna CEO Adam Stettner noted that Michigan implemented a 24% wholesale tax on cannabis to fund the state, closing stores that were making money.
People
FundCanna is hiring a new National Account Executive in Solana Beach, California.
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