In 2017, CCIA, a state and federally signed up not-for-profit trade association, lost our 3rd checking account in a year. Numerous in the cannabis market have actually felt this discomfort as they rushed to pay their personnel and suppliers, as they had a hard time to run certified companies without any access to banking. It’s a discouraging part of life for numerous CA operators. Not long after our last bank closure, I was presented to the specialists at North Bay Cooperative Credit Union and we were happily amazed at their desire to deal with us.
Now, after a long and worthwhile relationship with NBCU, CCIA is happy to reveal an unique collaboration that will benefit our members in a genuinely extensive method. By providing this member service, we’re wishing to make your lives simpler as you browse the challenging company of legal cannabis.
This incredible collaboration now uses our members the chance to gain access to banking services such as:
- Examining accounts
- Online expense payment
- Wire transfers and ACH processing
- Workers of CCIA members are likewise welcome to sign up with as private members of the cooperative credit union
Register For CCIA today and link to NBCU to begin your application procedure!
As you might have seen, all 3 regulative firms launched brand-new guidelines based upon AB 1525 (Jones-Sawyer) which incentivizes banks, cooperative credit union, and other banks to supply services to the cannabis market by clarifying their capability to gain access to track and trace information, however just with the express authorization of cannabis licensees. CCIA was a substantial advocate of this expense and lobbied for its passage.
CCIA subscription has its advantages, and now access to banking is a substantial worth include for our members. Present CCIA members can click the button listed below to be gotten in touch with NBCU.
* DISCLAIMER: CCIA subscription does not instantly certify your company for a savings account at NBCU. Your business will still require to submit all of the appropriate applications and follow all of the compliance determines that the bank has in location for cannabis companies.