Are you one of the lucky ones who has a bank?

Hawaii to go fully cashless:

5 Likes

Good afternoon Hunter, Iā€™m happy to share knowledge and power! I encourage everyone to email me @ jeffrey at GreenAML.com! Or through the GreenAML.com website.

5 Likes

Thanks for the info we are starting in WA. Already knew of Salal but more choices are better.

3 Likes

We luckily have been fortunate to get a bank account through Wells Fargo, however, we are concerned when we begin to implement our subscription model as we are unsure on if the monthly transactions will cause for any red flags.

Alsoā€¦

There is a company in San Diego, California who has a bank account, it looks like the bank he is working with is from Colorado and testing their program with his business in California. They presented it to John Chiang and the Cannabis Banking Working Group in San Diego.

5 Likes

PayQwick is an option. Check out their website. Itā€™s a broker but gets the job done.

3 Likes

I went to a dispensary recently that had an interesting workaround. If you want to pay with a debit card, they add money to a gift card that you can then use to actually make the purchase. That way the cc transaction isnā€™t directly towards cannabis.

5 Likes

Iā€™ve heard of that, Iā€™m not sure it would work in a wholesale environment.

4 Likes

Agreed - seems to be more of a point of sale solution for dispensaries.

5 Likes

Good morning Growers Network,

Got Cannabis Banking?? NO?? We can help,

-Registered financial institution with FinCEN, regulated by the IRS
ā€“All funds FDIC insured
ā€“national internet and mobile banking networkā€“Cashless system
-Open for business in CA, NV, AZ, CO, WA, ORā€¦
ā€“Meets guidance requirements from the Cole Memo

Want to learn more??

Steve Cruise
MJ Insurance
303-807-2949

5 Likes

It is great to see more solutions popping up for banking with cannabis related activities! Iā€™ve personally had accounts frozen by PayPal for a 6 month investigation (they didnā€™t find anything and eventually released the money, with a note that says ā€œweā€™d love for your continued businessā€ or something to that effect. Moved to Square, was very open about what we do (and it was an ancillary business, not even touching the product,) they were cool until the first invoice, then we got shut down again.

I see it all the time on facebook groups and other places, people are looking for reliable banking for cannabis. BIg shout out to all the institutions and groups here that are helping to make that happen, it is your efforts that is removing some of our frustrations! Thanks, guys and gals!

2 Likes

Hello Everyone!

This is Matt Smith, I am an entrepreneur from Dallas Texas, and motivated to bring meaningful change to the way we live our lives.

As the CEO of the Matt Smith Company, We have spent the last five years building products and founding companies that solve the problems we will face down the road. From clean transportation, energy conservation, clean urban agriculture, and business empowerment through blockchain; We strive to leave the world better off than we found it.

Currently, as the Managing Member of Cybrswype, We are streamlining blockchain payment solutions to allow businesses to have more control over the way the conduct themselves. We remove barriers, and streamline your payment problems.

How do we do that?

Our mission is to bring blockchain and digital currencies to many different industries. We are dedicated to solving the problems businesses face when impacted by external instabilities and other impediments.

In Cannabis, we are removing the barriers in accessing big banks and their large account types as well as international banking at the B2B level .

Cybrswype has created a way so that anyone can use blockchain everyday. Not for investments, or for trading, but for business interaction, communication, and transaction.

By condensing the technology into an easy to digest package, we are bringing distributive ledger, and digital currency technology to you, turn key.

If you are experiencing currency friction, banking obstructions, or other impediments, distributive ledger and digital currency technology may be valuable to you. Cybrswype offers the ability to issue B2B payments, receive B2B payments, and account for distributive ledger transactions.

Cybrswype
Packaged. Beautiful. Decentralized.

Please feel free to DM Us, or email Us at info@cybrswype.info
logo

3 Likes

Who has Banking in Oklahoma? What are you doing (that works) to get cash into the bank? Doā€™s & Donā€™ts?

2 Likes

Good morning. We can help with getting banking set up. We partner with Safe Harbor, one of the largest networks in the country providing legal banking to the industry. Please contact Conley Hoskins, Witlonā€™s National Sales Director, at conley@witloninc.com for help.
Thank you!
Jeanette Carroll

1 Like

Good morning. We can help get banking set up, and talk to you about payroll, etc. We partner with Safe Harbor, one of the largest banks working in the industry. Please contact Conley Hoskins, Witlonā€™s National Sales Director, at conley@witloninc.com.
Thank you!
Jeanette Carroll

2 Likes

I believe First National Bank of Oklahoma has secretly been taking on mmj accounts

2 Likes

This is a great topic worthy of its own conversation. Starting new topic nowā€¦Hereā€™s a link to:

1 Like