The cannabis business is an emerging industry, and since it’s not federally recognized, it can be a challenge to find a bank to work with. We wanted to share how Florida Capital Bank is helping Florida companies who specialize in alternative medicine.
In short, it can be harder to get a bank account for a cannabis business. At Florida Capital Bank (FLCBank), we are happy to work with business owners emerging in the cannabis industry, and we welcome you to use our banking services. As a cannabis business, you will need to register your business with the local corporation commission for us to give you a bank account.
We will work with you to determine your business and financial needs, and who you will be working with (warehouse, grow house, distributor, etc.). As you open an account, we will need to have your permit information, regulatory compliance documentation, ownership details, and operation details. We look forward to hearing about your business plan and anticipated income and expenditure.
Based in Florida, our bank and branches are in four cities, including Orlando, Gainesville, Jacksonville, and Tampa.
With FLCBank, you can secure your cash, make and receive payments electronically or by check. You can breathe easy with us and not worry if your account will be shut down due to your cannabis-related business. We have a variety of accounts available to meet the needs of your business. Whether you are just starting out or have more sophisticated needs, we can grow with you as your business grows.
Take note that you may be required for ongoing compliance training as part of your banking agreement.
Open a Business Banking Account for Your Cannabis Business in Florida
At FLCBank, we help business owners with their banking. It can be a complicated process to open a bank account for your cannabis business. We will work with you every step of the way to make sure everything goes smoothly and that your finances are safe. We will work with you to make sure your business is always in compliance with our policies and federal, state, and local regulations. Cannabis businesses with proper banking solutions will be the ones to succeed and we want to help you get there.
Start banking your cannabis business with a reputable financial institution like FLCBank today. Our bankers are experts at finding the right financial solution for your business. We have a variety of accounts available to meet the needs of your business. Whether you are just starting out or have more sophisticated needs, we can grow with you as your business grows.
Our team of banking experts at FLCBank will help you get the right banking solution for your cannabis business. We have an extensive array of business banking options to help you achieve your business goals and aspirations. Check out our options at our business banking page.
FLCBank is a leader in the banking industry focusing on solutions for the financial well-being of businesses and their owners, including those in the cannabis industry. We are a nationally chartered bank headquartered in Jacksonville, Florida with full-service branches located in Gainesville, Orlando, and Tampa Bay.
Click our small business banking page to learn more or call us at 8003183159.