Regent Bank

Cannabis Banking Services

“We combine our deep understanding of the cannabis industry with a suite of tailored banking solutions to simplify your financial journey. We prioritize regulatory compliance while offering personalized, concierge-style banking services, delivering a banking experience as unique as your business. Choose us as your trusted partner – our community bank believes in your cannabis business.”

States Served:

• Nationwide and Native American & Tribal Owned

Official cannabis banking page: https://www.regent.bank/divisions/cannabis/

Media coverage: 

• Missouri Independent: Banks remain wary of marijuana industry, even after Missouri legalization vote

  • Keri Cain, director of Regent Bank’s cannabis banking program, completely disagrees. And even more, she said it sends the message that more banks don’t need to serve this industry. “We’re talking about a $50-billion industry that is largely unbanked,” she said. “Nationwide, there’s probably less than 700 banks that bank cannabis. That’s ridiculous. We have got to get more banks in the game.” 

• FOX9: Cannabis cut-off: Banking system builds hurdles as legalization approaches

  • Only a few banks across the country are doing it, working with other businesses establishing their own debit cards and point-of-sale networks. Regent Bank in Oklahoma is one of them, and it’s taking on businesses in Minnesota as recreational marijuana becomes legal. Keri Cain says her bank needs stringent checks and balances, making sure cannabis customers don’t deposit too much cash by confirming sales figures. “It’s important that we make sure that the client isn’t commingling funds, right?” said the Regent Bank senior vice president. “They that they’re not putting cannabis money in there. And they can’t put cannabis money in their personal accounts.”