A Customized Banking & Payment Processing System for Your 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.
Thank you for reading this post, don't forget to subscribe!
Monarch is a Money Transmittal License holder as well as a certified Third Party Sender (TPS) with multiple financial institutions.
OPTIMAL SOFTWARE, NO WORRYING
THC/CBD Cannabis Banking Solution
Growth Explosion has erupted in the Cannabis 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 THC/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 Cannabis 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 Cannabis 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
Where Cannabis Meets Cultural Legacy: Xzibit’s XWCC and Snoop Dogg’s SWED
Rappers Xzibit and Snoop Dogg have each opened dispensaries in California, aiming to bring the cultural legacy of
Effects of coir-based media on the performance of Cannabis plants
Coir is widely utilized by numerous cannabis companies worldwide due to its ease of use for fertigation, feeding,
Top 10 Compliance-Friendly Banks in the United States
In today’s highly regulated business environment, especially in sectors like cannabis, selecting a bank that prioritizes compliance is