Cannabis Business Banking in Florida | Cogent Bank

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Business Banking      Industry Specialties      Cannabis Business Banking

Cannabis Business Banking

Working with our experienced bankers who know your unique needs.

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Time-Saving and Smart Solutions

With many regulatory and practical hurdles for your cannabis business to navigate each day, having an experienced team of bankers who specialize in cannabis business banking can minimize obstacles and keep your operation running smoothly and efficiently. Our compliance support team can help you choose the best banking products to not only meet your business needs, but manage the intricacies of state and federal requirements, as well. 

Meet the Cannabis Business Banking Team

We are proud to be part of the growing cannabis industry in Florida and work hard to build long-term, open relationships with cannabis businesses. We understand the cannabis industry is a rapidly evolving, fast-paced industry with elevated risks. Our systems are designed to meet FinCen enhanced guidelines in the most eff­icient and e­ffective way. Our dedicated high-touch sales and compliance support teams are here to assist you with all your banking needs.

Philip Bravo
Philip Bravo SVP, Market President
Location: Jacksonville
Sean Friend
Sean Friend SVP, Commercial Relationship Manager
Location: Fort Myers and Naples
David Groves
David Groves VP, Commercial Relationship Manager
Location: Clearwater
Traci Smith
Traci Smith SVP, Director of Treasury Sales and Strategic Partnerships
Location: Orlando
Trish Teague
Trish Teague SVP, Managing Director, Private Banking Central Florida
Location: Winter Park
Amy Tebbe
Amy Tebbe SVP, Deposit Relationship Manager
Location: Tampa

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    Treasury Management for Cannabis Businesses

    We offer a full suite of treasury services to help you accept payments, pay your employees and vendors, and effectively manage your business’s cash flow, including: 

    • Point-of-Sales (POS) services to accept a variety of payments 
    • Remote and mobile deposit 
    • Online banking 
    • Online wires 
    • ACH services to easily manage payroll and vendor payments 
    • Cash processing services 

    Local, Specialized Service 

    We understand the unique needs and challenges of Florida cannabis businesses, as well as the requirements that medical marijuana banks face in this fast-growing but highly-regulated industry. Here’s how Cogent Bank can help your business thrive: 

    • Seasoned relationship team with significant industry experience
    • Our relationship-friendly and knowledgeable compliance team works quickly to onboard Cannabis Related Businesses (CRBs) and offers expert advice on how to stay compliant with changing rules and regulations
    • Our compliance partner, Green Check, partners with a wide variety of point of sale (POS) providers allowing for easy integration and seamless bank deposit reporting
    • Our cannabis banking program is focused on businesses throughout the cannabis supply chain including dispensaries, cultivators, wholesalers, testing companies, and many more
    • We offer a full suite of treasury services including remote and mobile deposit, online banking, online wires, ACH, and cash processing services

    Superior
    Client Service

    We not only have all the products and services job easier, but we also have local bankers ready to meet in person or take your call when questions arise.

    • Local banking team
    • Property Management Support Team
    • CINC Partner Bank
    • Electronic Accounting Opening and Signature Cards

    Choose Cogent Bank

    With few Florida banks working with cannabis businesses for basic services from accepting payments to managing cash flow, finding the right institution to partner with can be difficult. At Cogent, we are proud to be part of this growing industry and work hard to build long-term, open relationships with cannabis businesses. Our dedicated high-touch sales and compliance support teams are here to assist you with all your banking needs, meeting FinCen enhanced guidelines efficiently and effectively. Reach out to us today to learn more about our specialty services and see how we are one of the best banks for dispensaries and cannabis businesses. 

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