General trade services supporting marijuana-related businesses (MRBs) and the cannabis industry can now open depository local banking accounts in more than a dozen states, with select institutions willing to work with businesses outside these states:
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Florida
- Louisiana
- Maryland
- Massachusetts
- Michigan
- Nevada
- New Jersey
- Ohio
- Oregon
- Pennsylvania
- Washington, D.C.,
- Washington State
Once a compliant bank account is established, Fincann can provide a variety of (now-compliant) electronic (cash-free) payment solutions, including MasterCard, Visa, American Express, Discover & JCB. This includes electronic “wallet” programs and electronic check apps, including shopping cart integration which you can use to accept payment compliantly on your website from licensed customers and clients. Reducing the amount of cash you receive will also reduce your compliance and security costs. We’ll work with you to implement the optimal package for your specific circumstances.
Call Fincann today at (212) 724-7777 for more information.