Many community banks are reluctant to service cannabis operators due to a lack of resources, technology or industry expertise.
That's where Dama comes in.
Benefits of banking cannabis
Providing financial services to cannabis operators allows you to:
Earn significant revenue
When you partner with Dama, you receive a revenue share and pay nothing in return.
Be part of the solution by servicing your community
State-legal cannabis is now an integral part of many localities, and these businesses are in desperate need of your services.
Increase public safety
Removing cash from the streets protects you and your neighbors by reducing the opportunity for criminal activity.
Grow your business and strengthen commercial relationships
Clients with multiple accounts and/or business interests will appreciate being able to keep their entire portfolio under your roof.
Build goodwill and boost customer retention
Allowing cannabis clients to operate transparently without fear of account shutdowns eliminates a major source of stress.
Peace of mind leads to customer loyalty and positive word of mouth.
Servicing the cannabis industry offers enormous upside when you do the following:
Listen to the experts
Banking cannabis takes considerable resources and expertise. That's where Dama can help. Our understanding of both the cannabis and banking industries—paired with our proprietary technology—is unparalleled.
Follow the rules
Adhere to Cole Memo priorities, follow all FinCEN rules (as well as BSA/AML requirements), and stay current with state and federal regulations to ensure that you remain fully compliant.
Partnering with Dama
What’s it like to work with us?
Here’s what you’ll get from day one: