Get Your Mind Right

GYMR - BOTG: Cannabis Banking: The Real Rules, Real Risks and Real Solutions Part 1


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Cannabis is legal in a lot of states, but banking still gets weird fast. In this two-part conversation, I’m joined by Donna Bashi, CBPA and Jason Abate from Community Choice Credit Union to unpack what most people don’t understand about cannabis banking and why “cash-only” isn’t just inconvenient, it’s a business risk.We get into:Why accounts get shut down and checks get rejected (even personal and kids accounts)What “boots on the ground” due diligence actually looks likeThe compliance reality: onboarding, monthly reviews, annual reviews, and why it’s a heavy liftHow dispensary employees get blocked from loans and mortgages and how to avoid surprisesWhy merchant services in cannabis is still a landmine, and what to watch out forHow smart safes, cash hubs, and proactive banking relationships keep operators stableIf you’re an operator, vendor, employee, or anyone in merchant services trying to understand this space, this is required listening. #getyourmindright #gymr #poweredbyevolv #builtbyviv #digitalmarketingstrategy #merchantservices #cashdiscount #payments #dualpricing #cannabisbanking #cannabisbusiness #dispensary #creditunion #banking #compliance #riskmanagement #financialservices #paymentprocessing #cannabispayments #knowyourcustomer #KYC #MichiganCannabis #OhioCannabis #FloridaCannabis #entrepreneurship #smallbusiness

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Get Your Mind RightBy John Johnson

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