The Transaction Group (TTG) is a leading business services solutions provider that has been assisting businesses since 2004. Now TTG is able to offer checking accounts for medical marijuana dispensaries through an exclusive partnership.
All applications for medical marijuana business checking accounts are handled directly through The Transaction Group. Once approved, TTG will provide the necessary documentation allowing a business owner to use a checking account as an operating account.
At TTG, we understand the challenges that businesses in the medical marijuana industry have faced in recent years. Many of the dispensaries and collectives that we helped in setting up credit card processing services were later left with cash only options when major banks and credit card companies changed their policies regarding these businesses.
Although medical marijuana related businesses are able to set up as legal corporations, obtaining a corporate checking account is next to impossible. Financial institutions are afraid to tread in what they deem to be controversial waters and feel that the best option is to deny these legally operating businesses the same services that they offer to their other clients.
Without a checking account, medical marijuana businesses are unable to deposit cash for cannabis medicine sales and thus unable to pay business operating expenses by check through a bank. This makes managing a legitimate business extremely difficult.
If you have an mmj dispensary or collective and you’ve faced these hardships, we feel your pain. We’ve cultivated relationships with key partners in order to serve the mmj community.
While no other financial institution will approve medical marijuana industry business checking accounts, this major bank has granted The Transaction Group permission to offer these approvals.
In addition to checking accounts, TTG can offer wealth management and investing opportunities for dispensaries and collectives with historical positive growth.
Are you ready to be treated the way you deserve as a business owner? Contact TTG and start your application today. Approvals are fast and easy. We look forward to serving you.