Cannabis Cash Business Banking Problem

CANNABIS CASH BUSINESS SOLUTION

The Cannabis cash business banking problem extends to people who don’t even touch cannabis. We have been told many accounts of companies that provide products and services to cannabis companies who have been told by their banks they can no longer deposit funds into the bank. Recently, an attorney who was on our show, Americas Cannabis Conversation, told us that the bank questioned a recent cash deposit that was more than $10,000. The bank is required to fill out a Suspicious Activity Report (SAR), and they asked the lawyer the source of the funds when he told them it was part of his fee for assisting a local Cannabis dispensary he was told they could not take the deposit and they would have to go back and look at previous deposits.

Many business owners don’t know the rules on working with banks, and they are for now very straight forward, you can’t work with banks, federal credit union or even community banks who offer banking services to business in the cannabis industry are taking the risk and so are you. Many times we heard, “The bank just called one morning and said I have to take my money out”. Those intuitions taking risks to receive your deposits run up against the diversification rules that limit the amount of money, as a percentage of deposits, received from a specific sector. Once they hit their limit, they can’t take any more deposits.

The Cannabis Electronic Checking Account can take your money and keep it safe; it is a reliable source for ongoing deposits. If having your money safe and secure and getting all the benefits of being a real company then go to W420radionetwork.com and click on the informative video.

Cannabis Banking

After you have looked at our video and if you would like to talk about how
we can help you make your money safe, then call me at 1-888-420-8884 .

Thank You!  Dan Perkins