The Cannabis Banking Financial NetworkTM
FINCANN is a network of cannabis-friendly U.S.-based financial institutions which service all segments of the multi-billion dollar cannabis industry.
FINCANN is your advocate and expert guide supporting you through the initial onboarding and due diligence phases to cost-effectively achieve your principal goal: stable, transparent, and simplified banking. Through FINCANN’s growing consortium of financial institutions, marijuana-related businesses (MRBs) in plant-touching and ancillary roles can access basic banking services without complicated workarounds.
By obtaining a banking or merchant processing account through FINCANN, business owners no longer need to worry that they’ll lose their bank account or merchant processing services. By opening a bank account through FINCANN, the financial institution knows from the get-go that the business is in the cannabis industry, providing peace of mind for business owners whose accounts have been closed on them all too often, while eliminating the headache of searching for new financial solutions multiple times per year.
FINCANN also provides the tools and guidance for long-term sustainability.
Banking Services Available Through FINCANN: The Cannabis Banking Financial Network
Through FINCANN, cannabis and other high-risk businesses can obtain basic banking services, including:
- Full-service business checking
- Cash depository, including legacy cash
- Visa and Mastercard credit card processing
- Visa and Mastercard debit card processing
- B2B electronic payment solutions
- Payroll solutions
- Employee accounts
Businesses FINCANN Serves
FINCANN services every type of high-risk plant-touching and ancillary business in the cannabis industry, CBD industries, and other high-risk industries, including:
- Licensed marijuana-related businesses
This includes plant-touching businesses such as dispensaries, cultivators, and processors.
- B2B ancillary service professionals
This includes businesses such as attorneys, accountants, testing labs, delivery services, and real estate brokers.
- B2B ancillary product professionals
This includes businesses such as industrial equipment providers, consumption accessories, and agricultural services.
- CBD retail and ecommerce, kratom, peptides or cannabis seeds
This includes regional and national distribution networks.
- General trade services
This includes businesses such as trade shows, venture capitalists, and trade associations.
- Legacy funds derived from licensed operators
This includes deposits of legacy funds from dispensaries, cultivators and all "plant-touching" businesses.
- B2C ancillary professionals
This includes physicians, tourism, and ancillary product stores such as smoke shops.
- Public companies, hybrids and multi-state operations