Access to bank accounts is a major obstacle cannabis operators face on the path to success. When a company operates without a cannabis bank account, they run into increased risk and operational costs related to processing employees’ paychecks, paying bills, providing adequate reporting, etc. All issues mainstream businesses never have to worry about. In the video below we provide our tips, tricks and best practices for landing a cannabis bank account.
Keys to getting a cannabis bank account
If you’ve followed all the above steps and partnered with a cannabis accounting firm like GreenGrowth CPAs, you shouldn’t have any issues finding a securing a cannabis bank account. If you’re still struggling to establish a viable business banking relationship for your cannabis business, our advisors are here to help. GreenGrowth CPAs has many partnerships with banks and credit unions across the country where we refer our clients.
For recommendations and assistance getting started or finding a new business banking relationship, visit us at www.GreenGrowthCPAs.com or contact us at 1-800-674-9050. Be sure to follow us on social media for more business banking tips for your cannabis venture.