Coming off an extremely successful campaign to boost the company's Cash-in-Transit (CIT) services and increase public safety, HARDCAR secures new relationships with financial institutions outside of California.
PALM SPRINGS, Calif., July 24, 2018 (Newswire.com) - HARDCAR Distribution has played a major role in the progression of cannabis banking throughout California, building trust with legally licensed cannabis businesses looking to bank their cash and also federally insured financial institutions looking to get cash off the streets. It appears the company has found a solution to potential risks the cash-heavy industry poses to public safety.
The cannabis industry is still in its infancy and federal laws are making it very difficult for licensed cannabis businesses to open checking and/or savings accounts with federally insured financial institutions. This dynamic results in an industry that is forced to pay its bills, employees, suppliers, and taxes in cash.
“HARDCAR has grown astronomically in the past year, expanding our team, building stronger relationships with clients and partners, and securing partnerships with financial institutions all across California. Our recent expansion into other states was inevitable as we have our sites set on massive expansion across the United States. Very proud of our team and the direction we’re headed!” – Todd Kleperis, HARDCAR Distribution CEO
Voters in 31 states have made medical cannabis legal and 9 of those states have made both medical and recreational (adult-use) cannabis legal (Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, Vermont, Washington plus the District of Columbia). Businesses in all of these states have been granted state licenses at some level to cultivate and distribute the hearty crop, but federal laws are forcing the majority of these businesses to find solutions outside of traditional banking. This means there is more money on the streets, which increases the potential risk to public safety.
“Partnering with the largest cannabis bank in the country will help us to expand in California and other states. In doing so, HARDCAR is opening the door throughout the states to those who have been patiently waiting for a legitimate banking solution. This partnership is a great opportunity for our growing company to gain traction in what we hope to be one of many more states to comes.” – Mariko Augustus, Head of Banking & Cash Compliance
However, times are changing and HARDCAR once again leads the charge. With banking solutions all across California, by far the nation’s largest and most progressive cannabis market, the company now provides these same solutions in surrounding states. As the cannabis industry continues to flourish across the U.S., HARDCAR will continue to be a leading voice for safety, compliance and proper growth, not to mention being a loudspeaker for Veterans’ rights and the provision of medicine to those in need.
For more information please contact HARDCAR at info@hardcar.com or call 1-833-246-4273.
Media Contact
Jon Pierce
jpierce@hardcar.com
About HARDCAR Distribution
HARDCAR is an award-winning 3PL Secured logistics company and long-time contributor to the cannabis space, with a proven track record of cultivating and solidifying meaningful relationships throughout the industry. From Armored cash deposits to the federal reserve, distribution, lab testing, trimming, secured storage, and transport, HARDCAR Distribution has all aspects of cannabis retail covered. Through collaboration with our diversified team of highly qualified and talented professionals, we help cannabis businesses stand out in the industry by providing the highest quality industry services that keep our partners’ products safe, while maintaining excellence and compliance throughout our work.
For more information, visit hardcar.com
Source: HARDCAR Distribution
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