Whether just getting started or as a long-established enterprise, when your business is successful we also succeed. Starting a Cannabis or CBD business can be tough. Establishing credit and debit card processing for Cannabis and related accessory sales has its difficulties. With levels of competition ever on the rise, regulations, and laws changing consistently, supply chain slogs, and the pressure of running your own business in 2021 it’s not hard to see why. Banking, one would hope, would be easier to sort out than the rest of the aspects that go into a business, but that isn’t always the case.
Brother Processing is a Cannabis Industry Leader
Cannabis Merchant Services
Being based in Montreal, Canada, Brother Processing has been an investor in the space for over a decade and has been on the cusp of every change in the laws leading to full medical and recreational legalization for Cannabis. In other words, we’ve been involved from the start and have seen how the laws have changed regarding the manufacture, processing, and sales of Cannabis and CBD. If it’s still complicated now, think of how it was before recreational legislation!
We take pride in the fact that we’re shifting is the laws and industry shift. Working with small regional partner banks took a lot of time and hard work, that is how we’re able to offer CBD and Cannabis credit card processing services where others fail.
Working with Regional Banks to Build Lasting Relationships
Business is the business of relationships. Either to the end customer or to the infrastructure that allows an enterprise to operate. For the Cannabis and CBD space, there is an interwoven community of individuals and companies operating in different areas. From the seed to the soil, to the licenses and banking, none of this would be possible without strong relationships based on trust and passion.
We’ve spent the last several years searching out and establishing relationships with regional banks willing to offer our industry normal banking services. Go figure! “Normal” banking services are standard items like credit card processing, direct deposit, taxation help, and more The reason this is so important is that it is only smaller bank operations who are willing to work within the Cannabis industry despite full legalization. Large banks in Canada and the USA are still unwilling to offer traditional banking services to Cannabis-based businesses. Now, in 2021, with legalization across Canada and in many states in the USA, that should not be the case.
Cannabis Relationships are at the Root of the Industry
Whether talking about the relationship the plant has with the soil or the relationship a processor has with a farmer. The cannabis industry is one of the relationships. It may seem odd that despite full legalization large banks still won’t offer standard business services to Cannabis companies. We feel the same way. What is it that prevents completely legal businesses from being treated as legal? The stigma of CBD and Cannabis is all but gone but large banks are stuck in the past and are run by individuals of a previous generation and care more about shareholders than their actual customers. It is that simple. Large banks don’t have priorities for their clients, they have priorities for their shareholders. This is one of the major problems with the banking industry. See what the Canadian government says about Cannabis laws.
Industry Leader and Jet Setter for Cannabis Companies
We’ve done the legwork so you don’t have to. Contacting small regional banks takes time and some are still unwilling to offer Cannabis companies standard services. We’ve sifted through dozens to establish long-term relationships with a handful of regional banks. Few are willing to offer both USA and Canadian Cannabis and CBD businesses credit and debit card services. This has been through countless years of painstaking work and countless conversations with banking management that it is now possible today. When you succeed, we succeed, we’re in this together; it’s that simple.
Contact Brother Processing and Get the Ball Rolling
We don’t see this getting easier to do on your own anytime soon. How do you know what banks will offer Cannabis businesses a fair chance? It is a daunting task to get denied at 20 and still have a list of 500 to go. So, leave it to us.
For the best in Cannabis Merchant Services, look no further than Brother Processing and our over 10 years of marijuana industry banking and payment expertise. Call today and let’s discuss your company, there are no cookie-cutter solutions and everyone needs slightly different services. You’ll be happy you did and can get up and running in a matter of a few days.
