Cannabis Business Banking

We have partnered with an industry-leading online compliance portal that makes the account application and ongoing compliance tasks easy. Typical account applications require: 

• Articles of Incorporation/Certificate of Formation
• Verification of IRS Tax ID/EIN
• Operating Agreement (if applicable)
• Maine OCP license(s)
• Ownership information
• Additional due diligence documents as requested

Typical ongoing compliance tasks include:

• Verifying sales
• Verifying active licensure

Monthly and annual compliance requirements apply during the lifetime of the relationship and can vary. Contact our team for more information. 

We've curated a network of trusted service providers offering cannabis-friendly payroll, payment processing, bookkeeping, and energy brokerage solutions. These companies will help streamline operations, improve efficiency, and support your business growth so you can focus on serving your customers with confidence.

Sparrow Energy Group

Sparrow Energy Group (SEG), takes a consultative, no-pressure approach to helping clients reduce energy costs and improve efficiency. Whether it’s auditing energy bills, negotiating supply contracts, optimizing rate classes, or exploring solar, HVAC, or building controls, they bring a deep, local understanding to every project.

SEG President, Geoff Sparrow, is a licensed Professional Engineer, serves on the board of the Associated General Contractors (AGC) of Maine, where he chairs the Energy & Industry Committee, and is also a board member of the Maine Society of Professional Engineers. These roles keep SEG closely connected to the latest developments in energy policy, technology, and best practices across the region

Paper Trails

Paper Trails is a Maine-based HR and payroll company that helps local businesses handle the people side of running a company. They support employers with HR consulting, payroll processing, compliance guidance, hiring and onboarding, time and attendance, and benefits administration. They work with cannabis businesses across Maine and the Northeast, from dispensaries to cultivation and processing operations. The cannabis industry carries real complexity; METRC and agent-card tracking, 280E labor allocation, limited banking access, and they've built our tools and expertise around it.

Max Yield Bookkeeping

A family-owned bookkeeping practice specializes in niche, cannabis accounting services and analytics. The team is trained in U.S. Code § 471 in order to overcome the arduous and infamous U.S. Code § 280E. 

Corduro

A faster, more convenient way to pay while reducing the challenges of cash-only transactions. This cannabis-specific payment solution offers no upfront costs, including a free PAX A920Pro terminal, and provides a debit network-approved platform designed specifically for dispensaries. With no risk of account shutdowns or payment interruptions, dispensaries can confidently accept electronic payments while improving the customer experience.