The cannabis industry faces challenges accessing financial services, leading to misconceptions about obtaining bank accounts. Financial institutions consider cannabis banking risky due to regulatory obligations and compliance costs. Despite this, an increasing number of banks and credit unions are supporting cannabis businesses. It’s important for businesses to find suitable banking partners through networking and understand the requirements for establishing a transparent banking relationship. While fees may be higher, these institutions now offer a range of services, making it worth exploring the available options. When approaching a bank or credit union, be prepared to provide various documents to demonstrate legitimacy as a state-legal cannabis business. It’s crucial to be proactive in seeking a cannabis-friendly banking partner to avoid potential disruptions and gain access to essential financial services.