Hemp and Marijuana Banking in Nevada: Current Rules and Regulations
Running a business in this industry can be challenging. In Nevada, the regulations surrounding marijuana banking are complex and ever-evolving. However, as the industry-leading bank, we stay ahead by providing comprehensive and compliant solutions to local CRBs.
Here’s a rundown of the laws, agencies, and rules that govern marijuana banking:
- The Nevada State Legislature legalized marijuana for recreational use in 2016, and it’s regulated by the Nevada Cannabis Compliance Board (NCCB).
- NCCB oversees the licensing and regulation of all marijuana establishments in the state, including testing laboratories, cultivators, production facilities, distributors, and retail dispensaries.
- The absence of support from major financial institutions in Nevada hemp banking means many transactions must be conducted in cash, making it challenging for CRBs to manage their finances effectively.
- Safe Harbor fully complies with all state and federal laws and regulations, ensuring that all transactions processed through its system are secure, transparent, and compliant.
With us, CRBs can rely on a trusted partner to help them traverse the complexities of the cannabis industry. Whether you’re looking to manage your finances more effectively, access investment options, or streamline your payroll and payment processes, we got you covered. We even manage hemp banking in Nevada.
We’re here to provide industry-leading services to CRBs in Nevada, helping you stay focused on growing your business.
