List of CBD, Hemp, and Cannabis Friendly Banks
Know bankings been a continual issue for the others in the space so wanted to surface this list again with a few additions. If others have found banks that help please add in the comments!
- Abaca
- Works with all CBD/hemp and ancillary companies
- Works with cannabis specific companies in 7 states
- Provides services that accept debit cards for in store purchasing
- Is cannabis/hemp specific – they're founder comes from the industry and this is the niche they are solely devoted to cover.
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Bank of the West
- Will onboard industrial hemp business accounts.
- 2-4 month wait
- Will not do any INGESTIBLE industrial hemp accounts. So if a person can eat it, drink it, or breathe it in it’s a no.
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Wauna Credit Union
- Will onboard cannabis business accounts.
- 3-6 month wait to get a response to your REQUEST for an account application.
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Chase Bank
- Will onboard non-ingestible hemp business accounts.
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MAPS Credit Union
- Will onboard industrial hemp business accounts.
- Is not currently opening any NEW industrial hemp accounts.
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Northwest Community Credit Union
- Will onboard industrial hemp business accounts.
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Numerica Credit Union
- Will onboard Washington industrial hemp business accounts.
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The Salal Credit Union
- Will onboard Washington, select Oregon counties (Multnomah, Clackamas, Marion, Columbia, Douglas, Washington, Deschutes, Linn, and Lane) and California (maybe?? unclear?) hemp/canna-businesses. Businesses outside of these service areas can apply to be a part of their pilot program for hemp and cannabis business accounts.
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Timberland Bank
- Will onboard industrial hemp business accounts.
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Partner Colorado SU
- Will onboard hemp and cannabis business accounts.
- North Bay Credit Union
- Will onboard hemp business accounts.
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Community Banks of Colorado
- Will onboard Colorado hemp business accounts.
submitted by /u/Kalesaucey to r/CBD
[link] [comments] #CBD #Hemp https://www.reddit.com/r/CBD/comments/ilywem/list_of_cbd_hemp_and_cannabis_friendly_banks/ September 3, 2020 6:15 pm