420-Friendly Banking and Cannabis Business Loans
Scale your Cannabis-Related Business (CRB) for long-term success with the financial institution experienced in cannabis lending since 2015.
You have cannabis business queries. We have answers.
As a 420-friendly bank with nearly a decade of experience, we understand the extensive costs you face as a cannabis business owner to set you up for a profitable future. Whether you work with CBD, Marijuana, or Hemp, we offer tailored financial services that get your CRB what it needs to flourish in a rapidly changing economic environment.
Bank with us. We'll serve your budding pursuit.
Bank with us. We'll serve your budding pursuit.
Financing the agricultural ambitions of greener grass.
Funding for lab testing & manufacturing registrations.
Shelf space expenses for retail ventures.
Armored truck pickup for fortified cash flow.
Legal, Accounting, & Real Estate for legitimate dealers.
Financial tools to build a brick & mortar customer base.
420 Banking FAQs
One of our dedicated Maverick Bankers would be happy to discuss the possibility of opening an account. Contact us and tell us more about your CRB.
Opening a CRB can be difficult because of compliance, risks, and the need for due diligence in the marijuana industry. This is mainly because cannabis is still illegal at the federal level and highly regulated at the state level. That’s why it’s beneficial to have a 420-friendly banking partner like TASI Bank in your corner.
Currently TASI Bank is only working with licensed cannabis-related businesses in the state of California.
There are three sectors of the cannabis industry: Marijuana-, Hemp-, and CBD-related businesses. Each is considered a Cannabis-Related Business (CRB) but requires a different form of compliance to operate.
The TASI Bank application process generally takes about one week for approval. The process involves submitting an application, verifying records, meeting in-person, having a TASI Bank member visit your business, and conducting an internal compliance audit.
The SAFER (formerly the SAFE) Banking Act was first introduced in the U.S. House of Representatives in May 2017. It has been revised several times since the House passed it in 2021. In the years since, the Act has gained bipartisan support and has been officially placed on the Senate’s calendar for a full floor vote.
Though many banks may choose not to serve CRBs, TASI Bank is a California cannabis-friendly bank. The SAFE Act, if passed, will reinforce this. TASI Bank is here to meet the needs of underserved markets in the cannabis space since 2015.
In a word, "yes" although we need to talk more to understand the opportunities and risks involved with your CRB.
Absolutely. TASI Bank, Division of Bank of Guam is an FDIC-insured community bank headquartered in San Francisco. We are fully compliant with state law and federal regulators as well as FINCEN Guidelines. Your money is as safe as it would be in any FDIC-insured bank account.
All TASI Bank commercial business accounts incur fees and our CRB Banking accounts are no different. Our fees reflect the compliance and due diligence associated with state and federal regulations surrounding cannabis banking. We tailor our services accordingly.
