SPOTLIGHT: DAMA FINANCIAL

Dama Financial Chief Revenue Officer Eric Kaufman, Illustration by Allison Campbell @shehitsback

Despite what you may have heard, it’s not illegal for federally licensed banks to serve cannabis companies. The truth is that these relationships are legal, but they create sufficient regulatory and operational risk, and require such onerous compliance work, that most banks decide the industry isn’t worth the trouble. Dama Financial’s product and service suite enables FDIC-insured banks to serve cannabis companies. 

“Everyone should have access to transparent and compliant banking,” Dama Chief Revenue Officer Eric . . .