A Customized Banking & Payment Processing System for Your CBD or Cannabis Business
Our system can grow with your business. Monarch is a banking and payment processing solution for the legal cannabis industry. One reason why many cannabis businesses fail isn’t due to a lack of business acumen, but rather, a failure to keep up with the compliance regulations governing the industry.
Monarch is a Money Transmittal License holder as well as a certified Third Party Sender (TPS) with multiple financial institutions.
OPTIMAL SOFTWARE, NO WORRYING
CBD, Hemp & Cannabis Banking Solution
Growth Explosion has erupted in the Hemp space. A high degree of opportunity exists in this industry. The banking system is extremely slow to adopt. The Monarch platform will assist these banks in building deposits by allowing fully licensed Hemp/CBD farmers, growers, supply chain, distribution, wholesale, manufacturing and dispensary initiatives to open DDA accounts for legitimate business and cash management services.
ON DEMAND, CROSS PLATFORM, CROSS USER
Multi-State Compliance
Many state and federally chartered financial institutions are now just starting to put process and policy in place for boarding certain sectors of the Hemp industry. After talking to over a dozen banks in multiple states, it is clear that the need for a central underwriting, compliance and on-boarding platform is welcomed. Currently these banks and credit unions don’t have the required platform in place to handle the needs of the Hemp industry. The Monarch platform seeks to provide the needed solutions for these banks to be able to board these merchants in an easy to use, compliant and scalable fashion.
Latest News
And Then There Were Seven (Losers)
As of right now, the only reason to watch these losers jump through hoops on the debate stage
SAFER Banking Act Passes Senate Committee, Moves to Floor Vote
Cannabis companies doing legal business in their state are one step closer to potentially opening accounts with federally-insured
Massachusetts Cannabis Control Commission Audit Results Published
An audit on the Massachusetts cannabis industry recently revealed that the Massachusetts Cannabis Control Commission (CCC) allowed millions