Dama Financial Provides Access to Transparent Banking Services for Cannabis Industry

October 16, 2019 10:22:39
  • Cannabis companies are facing financing problems, because the big banks will not take them on as customers
  • Dama Financial is focused on making transparent banking services readily available to the cannabis industry
  • Dama Financial offers turnkey services to clients looking for safe, sustainable and modern financial/payment options

Although more than 30 states have legalized cannabis use in some form, the majority of businesses in the field are having a hard time gaining access to banking services, leading to the emergence of specialized ancillary services to fill this gap. Dama Financial, a San Francisco-based private company, is one of these service providers, aiming to provide secure online and mobile-friendly banking services to cannabis-related businesses through its bank partners. Dama administers the provision of such solutions as an agent of its partnering financial institutions.

Founded by financial and payment industry veterans, the company is driven by a passion for innovation and solving complex business problems, ensuring value for its…

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NOTE TO INVESTORS: The latest news and updates relating to Dama Financial are available in the company’s newsroom at http://cnw.fm/Dama

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