Cannabis is a legal, licensed industry in California. The buildings that house it are real commercial properties with real value and often a lot of equity. Yet when owners and buyers go to a bank, the answer is usually the same: no. That gap is why cannabis real estate loans in California now come mostly from private lenders. This guide explains why banks stay away, how private financing works, what lenders look at, and how to prepare so you can close on time. Why Banks Won't