Financial institutions have long avoided providing banking services to companies in the cannabis related corporations, due mostly lack of education regarding regulations and requirements surrounding the industry. This long-standing stigma and lack of clarity in regulation have forced cannabis related businesses to deal mostly, if not completely in cash, while putting their security at risk by doing so.
Avenir focuses on providing safety and security within underserved markets which includes bringing normalized banking services to these underserved industries, including MMJ and CBD - eliminating the security risks involved with large amounts of physical cash.
Read more about how Avenir's own Stan Rubbelke is working with banks, regulators, and more to help close the gap and eliminate the stigma surrounding banking in cannabis related industries. Hit the link to LinkedIn.