Banking That Grows With You–Legally and Securely.
We offer dedicated, transparent, and fully compliant checking accounts for licensed cannabis operators in New York State.
Finally, banking that feels like banking.
We understand that running a dispensary, cultivation facility, or ancillary business is complex enough. At Groton Bank, we don’t just "tolerate" cannabis businesses–we specialize in them. Our Cannabis Business Checking gives you the same tools, access, and respect as any other commercial client.
Benefits
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🛡️ Stable & Compliant Sleep soundly knowing your account is built on a BSA/AML-compliant framework designed specifically for the cannabis industry. No surprise shutdowns.
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📱 Modern Digital Tools Get full access to commercial online banking and real-time transaction monitoring. Manage your finances from your phone, not a spreadsheet.
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🚛 Cash Management Solutions Tired of dangerous cash runs? We partner with leading armored courier services and Smart Safe providers to streamline your cash logistics and get funds into your account faster.
ACCOUNT FEATURES
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Unlimited Transactions: No caps on deposits or ACH transfers.
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ACH & Wire Capabilities: Pay vendors, taxes, and payroll electronically.
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Software Integration: Seamlessly connects with Shield Compliance to automate your reporting.
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Dedicated Relationship Manager: You get a direct line to a banker who knows your name and your industry.
Compliance & Security
How We Keep You Safe We operate in full accordance with FinCEN guidelines for banking marijuana-related businesses (MRBs).
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Transparent Vetting: Our onboarding is thorough so your daily banking can be boring.
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State-Legal Focus: We only bank businesses fully licensed by the New York State Office of Cannabis Management.
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Insured Deposits: Your funds are FDIC insured up to legal limits.
Ready to legitimize your finances? Stop operating in the shadows. Join other cannabis businesses that trust Groton Bank.
Disclaimer: Groton Bank complies with all state laws regarding cannabis banking. Marijuana remains illegal under federal law. Banking services are subject to regulatory approval and ongoing compliance monitoring.