CANNABIS BANKING
Let us help your business grow.
We’d like to help your Cannabis-related company grow!
Dedham Savings offers special banking options and cash management services to licensed Cannabis-related businesses in Massachusetts. Our modern and accessible financial resources provide trusted, streamlined, and safe transactions systems to take your business to the next level. An added benefit is that we’re local and independent, with an in-depth understanding of the needs of businesses like yours in our communities.
We support many types of Cannabis-related Businesses
Cannabis Dispensaries
Cultivators
Wholesalers
Testing Labs
Delivery Services
Local Experts
Our dedicated and experienced team has knowledge of the cannabis industry from a banking perspective and offers personalized client service and expertise to clients. With awareness of federal and state laws affecting the banking needs of those working in the cannabis sector, we’re available to assist clients in navigating this rapidly evolving industry. Our Cannabis banking options provide a critical pathway to the financial services needed to successfully operate, manage and grow your business.
Cannabis Banking Options
Our specially trained team can assist with opening a Cannabis Checking1 account. We also provide a free Checking Starter Kit to help you get started, which includes your first order of checks, deposit slips, and a deposit stamp. And, with Debit Card, Online and Mobile Banking account access, you’ll be able to manage your account easily on the go.
Cannabis Cash Management Services
An important part of banking for Cannabis-related businesses is successfully managing cash and client payments. With an array of services available, including Business Online Banking and Mobile Banking, Payment Services, and more, our specially trained team can assist with determining the most useful Cash Management services for your business.
Cannabis Financing
We’re a traditional community bank that also offers Cannabis financing! If you’re interested in working with a reliable local lender you can contact for help when needed, reach out to Dedham Savings. Our Cannabis financing and dispensary loans empower entrepreneurs to navigate the challenges of the cannabis industry through reliable, flexible, and affordable solutions. Our lending experts are here to support you in every stage of your cannabis business’ growth and to give financing advice for all levels of the cannabis supply chain.
Some of our many Cash Management options include:
- Business Online Banking
- Business Mobile Banking
- Business Debit Cards
- ACH Credit & Debit Services
- Coin & Currency Processing
- Wire Transfers2
- And More!
1Minimum deposit of $25 required to open Cannabis Checking account, plus $250 one-time non-refundable Account Opening Fee. Monthly service fee of $400 applies.
2Excludes foreign wires.