One of the biggest challenges facing owners of cannabis-related businesses (CRB) is access to banking services. For years, the legal cannabis industry has not had a reliable solution to their banking needs and had to rely on cash-only transactions. Those days are over, our HYC cannabis banking consultants can help your business gain access to professional banking services. Contact us today for a complimentary consultation to which HYC banking solution is right for you.
NEED CANNABIS BANKING SERVICES?
WE’VE GOT YOU COVERED
The benefits of cannabis banking solutions cannot be expressed enough. Operating a cash-only marijuana business creates a lot of barriers in financial and physical security as well as the necessity of banking to allow function as a modern business.
Thankfully, as the medical and recreational markets have grown, cannabis businesses now have access to traditional banking models that are both regulated and insured, giving cannabis business owners peace of mind knowing that their money is secure and their employees are safe.
If your business needs cannabis banking services Higher Yields Consulting has you covered. We’ve partnered with top financial institutions that are ready and willing to work with your cannabis-related business and provide the services you need.
LEARN MORE ABOUT OUR
CANNABIS BANKING SERVICES
If you have any questions regarding our cannabis banking services, or any of our other services, don’t hesitate to contact us using the form below. One of our employees will contact you within 1 business day.
HOW THE HYC MARIJUANA
BANKING PROGRAM WORKS
We begin with an evaluation of your cannabis business to examine whether or not it is in compliance with FINCEN (Financial Crimes Enforcement Network). Once your business has successfully completed this process, we submit your information to participating financial institutions that best suit your needs and financial goals.
At HYC we provide the support and services based on your cannabis business necessities. This includes monitoring your account, integrating, and syncing your POS for reporting and verification by your new financial institution.
KEY BENEFITS OF OUR BANKING PROGRAM FOR CANNABIS-RELATED BUSINESSES
We’ve fostered direct banking relationships with established financial institution allowing you access to checking and savings accounts with check writing, in addition to armored carrier services and vaulting for your cash.
Your cannabis business will also have access to tax and payroll services that allow you to not only pay your employees with actual paychecks and a direct-deposit option, but also easily withhold for taxes and avoid any penalties associated with paying for your taxes with cash.
All of this allows you to run your cannabis business more effectively and safely. With HYC we can assist you in increasing security of daily depositing, minimizing the amount of cash passing through hands, and ensure that you receive an ongoing and superior level of service that is compliant with FINCEN, so you can focus on what matters most.