Legacy Banking

program

Find a safe home for your unbanked cannabis cash.

We offer the industry’s first and only solution for establishing compliant, transparent depository and wealth management accounts with an industry-friendly FDIC-insured US financial institution for previously unbanked cannabis cash.

Account Management

Full account management and client advisory up to the establishment of bank account(s), including CPA, compliance, and other provider coordinations.

Bank Meetings

Client representation, negotiation and interface with bank’s depository, BSA, wealth management and underwriting departments.

Sidglo Team

Assistance with the production and submission of all necessary documentation as well as Enhanced Due Diligence (EDD) and Know Your Customer (KYC) advisory.

To our banks green is green.

Whether your cash is tucked away in duffle bags or taking up entire warehouses, our legacy cash program will help you safely introduce that capital into the banking system so that you can take full advantage of its value.

$75M

Successfully Banked

Program Notes

Legacy cash services are available to licensees and current or past individual beneficial owners.

Wealth management services are available only for current and past individual beneficial owners.

Designated agents or fund managers may be added to accounts as unrestricted or conditional authorized signers upon client written authorization.

Licensee may be required to maintain a supplemental checking account with the bank to monitor compliance.

Requirements

Cash must have been legitimately accrued within the scope of a compliant, state licensed cannabis operation.

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scope of work

To our banks green is green.

Our concierge banking program is ideal for licensed cannabis and hemp businesses, as our ecosystem includes over 100 canna-friendly partner banks.

Pro Tip Make sure to ask us about our cannabis and hemp payment solutions.

Note: This program is valid for all legitimately accrued cash within the scope of a compliant, state-licensed cannabis operations on behalf of both licensed operators and their current or past beneficial owners.