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US (FL): New banking service launched for Florida growers

Climate First Bank announced the launch of ethical and compliant cannabis banking services for Florida cannabis-related companies. This new offering aims to support the Florida cannabis industry with secure, reliable, and affordable financial solutions.

As the cannabis industry continues to grow, businesses face unique challenges in accessing traditional banking services - with both large and community banks declining to support the industry because of the maze of compliance, regulatory rules, and technological needs. Today, only a handful of hundreds of Florida banks currently serve the cannabis industry.

The service will offer full-service digital banking (featuring secure and convenient accounts to manage daily transactions from anywhere, at any time, with access to all conventional banking services), and an ethical fee structure that enables cannabis businesses to flourish while remaining compliant and within stringent state regulations.

For more information:
Climate First Bank
climatefirstbank.com/

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