SERVICES
Fully compliant and comprehensive multi-state cannabis program including:
- Complete Risk Assessment – KYC, BSA/AML Enhanced Due Diligence
- Thorough Vetting and Onboarding of All Cannabis-Related Businesses
- Cole Memo “Red Flag” and Transaction Monitoring
- CRB Online Account Management Platform
- Automated SAR/CTR Filing
- On- and Off-Balance Sheet Asset Management
- Payroll, Investment, Lending, Merchant Solutions, etc.
- Armored Courier – National Coverage
BENEFITS
Myriad benefits for Financial Institutions entering or currently in the cannabis space, including:
- Serve CRBs and Ancillary SMBs Compliantly and Cost-Effectively
- No Software to Install, No Additional Personnel Required
- Grow Balances, Serve Local Markets
- Simplify Operations – Faster Onboarding, Eliminate Capacity Constraints
- Expand Treasury Product Offering – Leverage PayQwick’s Platform and Suite of Products
- Serve CRBs Across the US
- Go to Market – Faster!
WHY PAYQWICK?
Compliant, Experienced, Scalable
Serving the Legal Cannabis Industry Across the US Since 2015
Compliance Framework Verified by Federal and State Regulators
Experienced Management Team with Deep Cannabis and Banking Industry Specialization
Over $1bn Transactions Processed
First Money Transmission Licensee for the Cannabis Industry
Only MTL Licensee in the Cannabis Industry to Hold Licenses in Multiple States
First to Execute ACH Transfers of Cannabis Funds
Only MTL Issued for Cannabis in California
Only Company to be Reviewed by the FDIC, NCUA, and OCC
First Company to Have Oversight by State Regulators
Backed by a National Bank for Multi-State Program
Created 3rd Party Armored Car Cash Pick-Ups for Deposit Directly into the Federal Reserve
WE OPERATE IN ALL THE
MAJOR CANNABIS MARKETS IN THE US
