Any Suggestions for Banks that work with CBD businesses?

[starwind]

I've been in the process of establishing a business selling CBD products like hemp flower and CBD oil and have tried twice to get a bank account and both times was accepted and then a week or two later told my account was being closed by Risk Management. I already registered my company with the state of Virginia but would be willing to establish my company in another state if they have a bank that takes CBD business. Does anyone know if an EMI could work in this situation or know any CBD favorable banks?

 

[Martin Everson]

Unless your GSK or Novartis etc banks and EMI will not be interested in your business. As part of banks compliance they don't want CBD products or associated businesses on their books for minor players. The sad reality is you will have very little options.

I'm guessing you are a US person doing this in US and not a foreigner doing this activity in US . Best to get professional advice locally in US.