What are legacy funds?
Legacy funds refer to cash revenue earned, derived and accumulated as a state regulated THC licensee (defined as any enterprise that dispenses, cultivates and/or manufactures marijuana, and that has not been previously banked on an ongoing basis with an approved cannabis-friendly US financial institution.
Fincann now offers several compliant banking options for licensed clients, both in the U.S. and Europe, for accumulated cash in any amount starting at $5 million. Customers of this service will also be welcome to bank their ongoing revenue from operations under the same programs Fincann offers all THC licensees. Please note that funds that are found to be non-compliant, counterfeit and/or not tied to tax returns will not qualify for our legacy cash banking programs.