Comprehensive Cannabis Banking

Herring Bank’s Cannabis Banking initiative is specifically designed to meet the unique needs of businesses within Alabama’s legal cannabis sector, offering vital financial services to promote their development and success. This includes access to online banking around the clock, enabling companies to handle financial operations seamlessly. Furthermore, the CRB program assists in compliance with legal standards by facilitating consumer payments, including the electronic submission of taxes.

To address the significant cash handling requirements common in both medical and recreational marijuana industries, the bank provides advanced cash management solutions, which include secure transport services. The bank also presents investment opportunities tailored to enhance the financial standing of cannabis-related enterprises.

Herring Bank’s comprehensive services for cannabis businesses feature employee-focused solutions such as efficient payroll systems and various payment options, including ACH and wire transfers, for effective salary distribution and fund transactions. Additionally, the bank offers advisory support aimed at supporting growth, equipment acquisition, or other investment needs in the cannabis industry.

This tailored banking solution underscores Herring Bank’s commitment to improving the operational efficiency and financial health of businesses within the burgeoning legal marijuana market and the expanding medical cannabis community in Alabama.

  • Checking and savings accounts

  • Online banking with 24/7 access

  • Consumer payments

  • Electronic tax payments

  • Cash management accounts

  • Cash pick-up and delivery services

  • Investment options

  • Employee accounts

  • Direct deposit payroll

  • ACH payments

  • Wire Services

  • Cannabis Business Advisory

Alabama Cannabis Bank

Alabama Cannabis Banking alabama-cannabis-bank

Alabama Cannabis Banking

2024 Cannabis banking in Alabama: Current rules and regulations

Ready to discuss how we can help you and your Cannabis Business?

Cannabis Banking Where You Need It
Colorado Cannabis Banking & Armored Courier Services:

Colorado Springs, Denver, Aurora, Pueblo,  Arvada

California Cannabis Banking & Armored Courier Services:

Los Angeles, San Diego, San Jose, San Francisco, Fresno, Sacramento, Long Beach, Oakland, Bakersfield, Anaheim, Santa Ana, Riverside, Stockton, Chula Vista, Irvine, Oakland,

Want to learn more about Safe Harbor and the Safe Banking Act?