Comprehensive Cannabis Banking

Herring Bank’s Cannabis Banking initiative in Alaska is custom-built to cater to the specialized needs of the state’s legal cannabis industry, ensuring businesses have access to essential financial services that support their growth and operational success. With 24/7 online banking, Alaska’s cannabis companies can manage their financial tasks effortlessly. Additionally, the program aids in adhering to regulatory compliance by simplifying consumer payments and tax submissions electronically.

Considering Alaska’s significant cash flow within both medical and recreational marijuana sectors, the bank introduces sophisticated cash management solutions, including secure transport, to mitigate the risks associated with large cash operations. Herring Bank also opens avenues for investment to bolster the financial health of cannabis-related businesses.

The bank’s suite of services for cannabis businesses includes streamlined payroll systems and versatile payment methods such as ACH and wire transfers, facilitating smooth salary disbursement and financial transactions. Furthermore, Herring Bank provides tailor-made loan services aimed at fostering expansion, equipment purchase, or fulfilling other financial needs crucial for the cannabis industry’s development.

This bespoke banking solution reflects Herring Bank’s dedication to enhancing the operational efficiency and financial prosperity of entities within Alaska’s legal marijuana landscape and its growing medical marijuana community. Through its commitment to providing innovative banking solutions, Herring Bank proves to be an indispensable partner for cannabis businesses aiming for success amidst Alaska’s unique market conditions

  • 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 Loans

Alaska Cannabis Bank

Alaska cannabis bank

Alaska Cannabis Banking

2024 Cannabis banking in Alaska:
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

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?