/r/HempBanking
A place to discuss the in and outs of hemp and CBD banking. The industrial hemp and CBD markets are woefully underserved from a banking perspective. This community is dedicated to sharing best practices, policies, and documents with financial institutions considering the space. If you're familiar, think CBANC but only for hemp and CBD.
A place to discuss the in and outs of hemp and CBD banking. The industrial hemp and CBD markets are woefully underserved from a banking perspective. This community is dedicated to sharing best practices, policies, and documents with financial institutions considering the space. If you're familiar, think CBANC but only for hemp and CBD.
/r/HempBanking
Just wondering if anyone has experience with PNC bank and Hemp/CBD businesses. Anybody know if they are hemp friendly? Anybody have any accounts or experience with them?
Hey folks! Our parent company is having an upcoming webinar this month where you can hear how West Town Bank has used their hemp banking program to positively impact their Financial Statements! Sign up at the link below.
So my business operates out of New York and we're having trouble navigating the financial services portion of our business. We have two separate LLC's: one that operates CBD products and one that operates THC products (only delta 8 until D9 is legal here). Our CBD segment is banking with Bank of America right now (we had filed with inc file and they labeled us as health and wellness so we could open the account) but I had gone into the branch and they told me they don't service any cannabis/hemp related businesses right now, so im trying to find a bank that we wont have any issues with moving forward. CBD banks aren't impossible, but they can be expensive; does anyone here know the most economical solution given this problem?
For the Delta 8 company, we didn't use inc file and we're doing everything in house, but we need to find a bank so we can file to collect sales taxes and to set up our retail licenses. Any solutions people on here would know of for this problem?
I was exploring some fintech services like abaca and square but abaca is crazy expensive and square has its own problems. If there are legacy banks or well known and affordable credit unions, I'd love to hear everyone's take
Does anyone know the banks that deal with hemp customers in Michigan?
Hi, I have a CBD start-up based in Atlanta, GA and I've been really struggling with finding banking. I had a Chase account and out of nowhere the account was closed. We're none planet touching and purely provide technology services around CBD.
Great article written by our good friends at Bradley Law. If you're looking for a good place to start.. this is it!
https://www.jdsupra.com/legalnews/10-legal-considerations-when-starting-a-56450/
Reserve your seat today by registering at the link below!
Howdy y’all 🤠
We’re an online retail store for CBD flower and smokable hemp, and we are looking for a payment processor willing to process our transactions. We are completely legal and compliant.
Let me know if any of y’all know of anyone, because oh boy do we need some pointers now :)