Cannabis Banking Solutions

The state of New Mexico on Tuesday formalized rules for cannabis production in New Mexico. That means that anyone who wants to grow and harvest cannabis in New Mexico can start their application online later this week.

Today, the @AbqJournal shared an important story about how difficult banking cannabis can be.

Many banks and credit unions have zero appetite to open an account for businesses that are related to the cannabis industry, even if those businesses don’t grow, transport, or sell plants. But at Aery, we do.

At Aery Group, we’re doing all we can to make it easy for your CRB startup to get the banking services you need before you open your doors.

You're ready to enter the cannabis-related business world, right? But have you done your homework on the banking end of things?

When you’re opening your business, a cannabis business or otherwise, a business bank account will help you start on the right foot. A business account will help you keep your business finances separate from your personal accounts, manage your finances from the start, and give your business the best chance at succeeding. At Aery Group, we specialize in cannabis business accounts and the special needs of CRBs.

It’s déjà vu, all over again. For the fourth time, the US House of Representatives has passed the Secure and Fair Enforcement, or SAFE, Act.

New Mexico’s legislature has approved a bill to legalize adult-use cannabis and the bill awaits final approval from the Governor. However, that doesn’t mean you can start an adult-use, or recreational cannabis business today.

As new cannabis legislation moves through New Mexico’s, and other states’ legislatures, one thing remains starkly clear: a credit card still cannot be used for buying cannabis at a legal dispensary.

Many CRBs (cannabis related businesses) are forced to rely on cash transactions. Aery Group recognizes that working in a cash-heavy industry is wrought with dangers – not only for CRB owners, but to their customers, vendors, couriers, and employees.