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List of CBD, Hemp, and Cannabis Friendly Banks

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!

  1. Abaca
    1. Works with all CBD/hemp and ancillary companies
    2. Works with cannabis specific companies in 7 states
    3. Provides services that accept debit cards for in store purchasing
    4. Is cannabis/hemp specific – they're founder comes from the industry and this is the niche they are solely devoted to cover.
  2. Bank of the West

    1. Will onboard industrial hemp business accounts.
    2. 2-4 month wait
    3. 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.
  3. Wauna Credit Union

    1. Will onboard cannabis business accounts.
    2. 3-6 month wait to get a response to your REQUEST for an account application.
  4. Chase Bank

    1. Will onboard non-ingestible hemp business accounts.
  5. MAPS Credit Union

    1. Will onboard industrial hemp business accounts.
    2. Is not currently opening any NEW industrial hemp accounts.
  6. Northwest Community Credit Union

    1. Will onboard industrial hemp business accounts.
  7. Numerica Credit Union

    1. Will onboard Washington industrial hemp business accounts.
  8. The Salal Credit Union

    1. 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.
  9. Timberland Bank

    1. Will onboard industrial hemp business accounts.
  10. Partner Colorado SU

    1. Will onboard hemp and cannabis business accounts.

  1. North Bay Credit Union
    1. Will onboard hemp business accounts.

  1. Community Banks of Colorado

    1. 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

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