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Submitted URL: http://bankofguam.com/cannabis-banking
Effective URL: https://bankofguam.com/cannabis-banking
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    * Spend
       * Personal Checking
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    * Borrow
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       * Auto Loans
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       * Hagatna City Run & Block Party

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Cannabis Banking by Bank of Guam


YOUR PARTNER IN GROWTH


AND YOUR GUIDE TO THE CANNABIS BUSINESS LANDSCAPE



Cannabis Banking by Bank of Guam


YOUR PARTNER IN GROWTH


AND YOUR GUIDE TO THE CANNABIS BUSINESS LANDSCAPE




WELCOME TO A NEW WORLD OF CANNABIS BANKING.


AS THE PIONEERING BANK IN THIS REGION FOR CANNABIS BUSINESSES, WE'RE COMMITTED
TO HELPING YOU SUCCEED. HAVE QUESTIONS? WE'RE HERE WITH THE ANSWERS.

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UNDERSTANDING YOUR CANNABIS BUSINESS TYPE


CULTIVATION

Financing the agricultural ambitions of greener grass.


TESTING

Funding for lab testing & manufacturing registrations.


BRANDING & PACKAGING

Shelf space expenses for retail ventures.


TRANSPORTATION

Armored truck pickup for fortified cash flow.


PROFESSIONAL SERVICES

Legal, Accounting, & Real Estate for legitimate dealers.


RETAIL & MEDICAL DISPENSARY

Financial tools to build a brick & mortar customer base.


TRUSTED AND VERIFIED BANKING SOLUTIONS


BACKED BY THE LEADING FINTECH PROVIDER, GREEN CHECK, FOR COMPLIANT BANKING
SOLUTIONS.

Get Started Here



CANNABIS BANKING FAQS

How do I start a cannabis banking relationship with Bank of Guam?

The first step is to work on getting verified with our partner, Green Check
Verified. Click here to get started and one of our Branch Relationship Managers
will be in contact with you.

What makes opening a business banking account for CRBs different than for a
non-cannabis-related business?

CRBs have unique legal and compliance requirements. Partnering with a
knowledgeable, cannabis-friendly bank like us is key to navigating these
complexities.

Does Bank of Guam work with CRBs in all regions?

Currently Bank of Guam is only working with licensed cannabis-related businesses
in Guam and CNMI.


How many types of CRBs are there?

There are four sectors of the cannabis industry: Direct CRBs, Indirect CRBs,
Hemp-Related Businesses (HRBs) and CBD businesses. Each is considered a
Cannabis-Related Business (CRB) but requires a different form of compliance to
operate.

How long will the application process take?

The process typically takes about one week, involving application submission,
verification, in-person meetings, site visits, and compliance audits.

Are all banks permitted to work with CRBs?

While some banks may avoid CRBs, we embrace and support them with our dedicated
services.

Does Bank of Guam finance and take deposits from CRBs?

In a word, "yes". But we'll need to talk more to understand the opportunities
and risks involved with your CRB.

Once I deposit my funds, is my money safe?

Absolutely. Bank of Guam is an FDIC-insured community bank. We are fully
compliant with the law and federal regulators as well as FINCEN Guidelines. Your
money is as safe as it would be in any FDIC-insured bank account.

Why is there a cost associated with Cannabis Bank Accounts?

All Bank of Guam commercial business accounts have fees associated with them and
our cannabis banking accounts are no different. Our fees reflect the compliance
and due diligence associated with local and federal regulations surrounding
cannabis banking.


TAILORED BANKING FOR YOUR CANNABIS VENTURE


OUR BANKING SERVICES ARE DESIGNED TO HELP ENTREPRENEURS LIKE YOU REALIZE YOUR
AMBITIONS. WONDERING HOW WE CAN ASSIST YOUR BUSINESS GROWTH?


See Banking

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Routing Number: 121405115

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Trust, Insurance, and Investment Products: Are not FDIC Insured | Are Not Bank
Guaranteed | May Lose Value, Are Not Deposits | Are Not Insured By Any Federal
Government Agency | Are Not a Condition To Any Banking Service or Activity



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