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From there, we went to a credit union outside the state that I knew and trusted from my industry experience. We were able to get the account open without too much additional work; we did not have to provide investors’ personal financial statements; and they had “shared branch locations” in New Mexico, so we could deposit and withdraw locally.
Having a debit card attached to your account to use for online purchases seems like a luxury in the world of cannabis. Some banks provide debit cards to their cannabis customers and some do not. Some also offer other card-based solutions, but having no card-based solutions makes everyday transactions that much more cumbersome.There is not a lot of good most of us can say about the platforms and apps that the banks provide.