Ep. 169: How to Find a Reliable Cannabis Bank
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Ep. 169: How to Find a Reliable Cannabis Bank
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Cannabis businesses can't simply walk into any bank and open an account. Most financial institutions are still too nervous about the federal implications, leaving operators stuck with high-fee relationships or worse - operating entirely in cash.
When cannabis businesses do find banks willing to work with them, the fees can be outrageous and services limited. Without proper banking, you're paying premium costs for basic services while handling cash risks that threaten your business.
Listen in to learn what makes a good cannabis bank and how to find one.
Andrew Hunzicker, CPA will cover:
Key banking requirements cannabis businesses absolutely need
Red flags that signal overpriced or unstable banking relationships
How to negotiate reasonable fees and terms with cannabis-friendly banks
Differences between credit unions, community banks, and national institutions
Essential questions to ask before signing a banking agreement
Practical tips for maintaining strong banking relationships long-term
Don't settle for cash-only operations or exploitative banking terms. Learn how to find and secure the banking relationship your business deserves.