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.
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
Cannabis Industry Has 440,000 Full-Time Workers
More than 440,000. That is the approximate size of the cannabis industry’s labor force in this country, according
The Cannabis Market Is Booming in Japan
The nascent cannabis market in Japan has reportedly seen a massive increase in recent years. That is according
Federal Register Proposes Adding Fentanyl, Removing MDMA From Drug Testing Panels
A new article published in the Federal Register in February, which prefaced a digital Drug Testing Advisory Board