We implement the Cannabis Compliance Program at your bank, train your staff, and ensure you are ready to bank cannabis.
We screen potential CRB customers and introduce them to you after they’ve passed our rigorous vetting process.
We provide ongoing monitoring, reporting, and remediation of transaction activities at the account and overall program level.
Before you begin banking cannabis, we ensure you’re ready by providing:
Before you onboard a CRB, we ensure they are ready by providing:
We provide ongoing transaction monitoring and support:
We’ll be there with you every step of the way at the line, management, and board levels. We are only as successful you are, so think of us an extension of your team.
Cannabis banking is somewhat complex, but solvable. When done right, it can provide a highly profitable source of new deposits. Preparing early has “first-mover” advantages.
| Sample Bank | Getting Started | Potential |
|---|---|---|
| Existing Deposits | $1B | $1B |
| Potential Cannabis Deposits | $10M | $100M |
| Cannabis % | 1% | 10% |
| Existing Yield on Assets | 5.5% | 5.5% |
| Negative Cost of Funds (BP + Fees) | 1% | 1% |
| Total Spread | 6.5% | 6.5% |
| Gross Yield on Cannabis Deposits: | $650,000 | $650,000 |
© 2019 – 2021 HDCS, Inc. All Rights Reserved.
You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network, including a local area network, sell or offer it for sale, or use such content to construct any kind of database.