Cannabis & Marijuana Business Banking
We are ready to help your business grow like weeds. We offer sophisticated banking services to dispensaries, cultivators, wholesalers, testing labs and CBD/Hemp businesses across the United States in a safe, secure and compliant way.
Our cannabis banking team, led by industry pioneer Paul Evangelista, was the first to bank cannabis and marijuana-related businesses in Massachusetts, so you won’t find a more experienced cannabis banking team. Currently, we’ve onboarded licensed clients in the medical and adult use markets in 21 states, and we’re taking clients in any market in which cannabis is at least medically legal.
Needham Bank has been serving businesses for over 130 years and is strong, well-capitalized and profitable, with over $3 billion in assets. We offer full-service banking for marijuana-related businesses including loans, deposit accounts and cash management services. We also are eager to serve the needs of your employees- whether it’s personal checking accounts, mortgage loans, credit cards, home equity lines of credit or other deposit or loan products. Not to mention, most of our products can be opened and serviced online, although a friendly Needham Banker is always available by phone at our Customer Care Center.
Markets We Serve
We are taking clients in any market in which cannabis is at least medically legal. Currently, we have clients in the medical and adult use markets in 21 states and the District of Columbia:
Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maine, Maryland, Massachusetts, Michigan, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Texas, Vermont
Cash Management Services
Every business has different needs when it comes to cash management. Our experienced team understands that and will work with you to recommend the best combination of Cash Management services to help you maximize cash flow, save money, and reduce the time you spend on your business’s finances. Learn more about our Cash Management Services >
Meet the Team