Any high-risk business such as a cannabis or hemp related business, including dispensaries and growers, and other “high-risk” businesses. Your business must
be licensed in its state and have no unpaid taxes.
We assist merchants in obtaining the following solutions for their business:
● Processing of credit and debit cards (all major cards)
● Bank Accounts
● Legacy Cash Deposits
● eChecks & ACH wire trasnfers
The Financial Crimes Enforcement Network (FinCEN ) is a bureau of the United States
Department of the Treasury that collects and analyzes information about financial transactions
in order to combat domestic and international money laundering, terrorist financing, and other
financial crimes. www.fincen.gov
Legal and financial teams worked directly with the US Treasury
Department’s FinCEN division during the development of our banking solution.
Doing so has ensured full compliance of this solution with all laws and regulations specifically,
with the Payment Systems (Oversight) Act of 2006 that is relevant for businesses associated
with the Cannabis industry. In addition, GPS and our partners have worked to ensure both solutions
are compliant with any/all current state specific laws and reporting requirements. In the future,
as new states legalize either medical or recreational cannabis businesses, our resources will ensure full compliance
with any new state or federal requirements as they are added.
With our banking solution, you will be given a checking account that has full access and privileges like a normal business checking account.
We can accept legacy cash deposits. You will be vetted before being approved. Any past tax issues may prevent you from being approved.
All states with a legal medical or recreational program
Approvals within 2 weeks! 3 weeks maybe with set up.
No term on contract or cancellation fees