CANNABIS BANKING SERVICES

Being involved in the Cannabis industry for over a decade makes us an expert on what Cannabis businesses require. We work with banks in the USA who work with cannabis companies for several years, establishing strong relationships. We have standing relationships with cannabis-focused banks ready to accept your business and help you get off the ground running with a full suite of banking for your cannabis business.

BPS Relationships and Banking Expertise Advantages

• Accessibility and Willingness to Serve: cannabis friendly banks and credit unions, especially those chartered by states, are more accessible and willing to work with licensed cannabis dispensaries.
• Customized Services and Understanding Local Markets: localized banks  offer more personalized service and a better understanding of the local market and regulatory environment, crucial for the cannabis industry.
• Risk and Compliance Management: cannabis friendly banks are often more prepared to handle the enhanced due diligence required for working with cannabis-related businesses.
• Banking Costs and Fees: The fees and costs associated with banking services differ between banks.
• Relationship Building: Building a strong relationship with a regional bank can benefit a cannabis dispensary, as these banks offer more personalized customer service and a deeper understanding of the business’s needs and challenges.
• Impact of Federal Regulations: including issues related to interstate commerce, anti-money laundering laws, and the Bank Secrecy Act.

Brother Processing has Relationships with USA Cannabis Friendly Banks.

We have been working directly with a core group of Cannabis focused banks offering industry leading rates and expertise on what is important for Cannabis businesses. Fill out the form below and we’ll get in touch to discuss everything related to banking and credit + debit card processing for your dispensary or Cannabis related business in the United States.