Cannabis Banking Solutions

Smart banking built for a bold industry

Cannabis banking solutions that fuel growth

Your business moves fast—and your banking should too. Our suite of cannabis banking solutions is built to simplify operations, strengthen compliance and keep your momentum going. From payment processing to cash management, we deliver the tools and expertise to help your business thrive in a changing industry.

Move money seamlessly

Simplify every transaction with fast, reliable payment processing solutions built for cannabis businesses.

Bank without barriers

Access straightforward, transparent and compliant cannabis banking solutions designed to keep your operations moving.D

Fuel your growth

Power your next stage with merchant services, cash management and risk management tools that support scaling confidently and efficiently.D

Talk with a cannabis specialist who understands your business

Connect with a cannabis banking specialist to start growing today

Cannabis payment processing
Streamlined payments for a growing industry

Navigating payments in the cannabis space takes more than standard solutions—it takes experience, security and trust. Our merchant services are built to help cannabis businesses manage transactions confidently, with secure, compliant payment solutions customized for your industry. Whether you're processing sales in-store or online, we make it easier to move money safely and keep your business growing.

  • Secure, compliant cannabis payment processing customized for your operations
  • Transparent pricing and simplified reconciliation
  • Reliable access to funds to support steady cash flow
  • Dedicated banking partners who understand your industry

Additional cannabis and hemp banking solutions

Cash management

Take control of your finances with cannabis cash management solutions designed for cannabis and hemp operators. Our tools keep your money moving and your records clean.D

  • Business checking
  • ACH direct deposit
  • Wire transfers
  • Remote Deposit Capture
  • Commercial Advantage

Lending solutions

Access capital for your cannabis or hemp business through our comprehensive lending program.D

  • Equipment financing and leasing
  • SBA loans
  • Commercial construction and real estate loans
  • Lines of credit
  • Business credit cards
  • Personal mortgage loans

Risk management

Protect your cannabis and hemp business assets with comprehensive risk management solutions.DD

  • Business insurance
  • Business interruption
  • Workers' compensation

2026 Report
State of the Cannabis Industry

See the latest US cannabis market data, operator survey findings, policy analysis and financing insights.

Get the 2026 State of the Cannabis Industry report now
Image depicting a user viewing the 2026 State of the Cannabis Industry report

Cannabis and Hemp Banking FAQ
People often ask us

Our roots have a strong foundation in agricultural lending. For more than 100 years, we've helped family farms and suppliers grow their businesses.

When the Farm Bill passed in 2018, our team quickly built a robust hemp banking program and a best-in-class, internal compliance program to serve hemp and CBD companies and help them succeed in this rapidly expanding industry.

Cannabis banking refers to the range of financial services offered to cannabis-related businesses, including ancillary businesses, testing laboratories, hemp growers and device manufacturers. It involves providing and maintaining business accounts, processing financial transactions, approving loans and extending credit to help these businesses manage their finances and operations.

We're hemp banking and cannabis banking advocates that understand the inherent challenges of establishing a financial relationship in the hemp and CBD industry. With this in mind, we've built a knowledgeable team of product and industry experts to make the establishment of your relationship as simple and quick as possible. Normal bank approval applies to these products and services, and there is a $150 monthly Specialty Banking fee associated with hemp or CBD relationships.

Yes. First Citizens is a cannabis-friendly bank in pursuit of maintaining and encouraging active relationships with cannabis-related and hemp-related businesses. We extend banking services to a variety of cannabis-related and hemp-related businesses and conduct thorough due diligence to ensure these businesses operate within the bounds of local laws and regulations. Normal bank approval applies to these products and services, and there is a $150 monthly Specialty Banking fee associated with hemp or CBD relationships.

  • Cannabis and hemp banking specialists that know your industry
  • A powerful combination of lending and merchant services
  • Transparent and fair pricing that can scale with your business growth
  • A large, national hemp-friendly bank that offers a full suite of banking products and services to meet your needs
  • The support of an expansive branch network
  • A robust digital platform for convenient account management and quick access to services
  • A bank with an experienced team that knows your industry and can help protect your best interests
  • Best-in-class compliance and regulatory knowledge

First Citizens extends a full spectrum of cannabis-related banking solutions to our cannabis and hemp partners across all 50 states throughout the US. Along with a growing list of seasoned partnerships serving the industry, we're interested in fostering growing relationships with many businesses, including but not limited to:

  • Hemp processors, manufacturers and distributors
  • Equipment manufacturers of plant-touching devices
  • Secondary processors
  • Hemp farmers and growers
  • Fertilizer and horticulture agriscience businesses
  • Ancillary businesses
  • Cannabis-related testing laboratories
  • Marketing firms
  • Professional services, including payroll, CPAs, attorneys and more
  • Business services
  • Software providers
  • Hemp retailers

Cannabis and Hemp Industry Insights
Expand your expertise

The 2026 State of the Cannabis Industry report

Explore US cannabis market data, operator survey findings, policy analysis and financing insights.
This comprehensive cannabis market analysis draws on operator surveys, proprietary banking data and economic research from First Citizens, revealing how businesses are navigating pricing pressure, regulatory change and uneven access to capital entering the new year.
Industry Expertise

Building a cannabis business that lasts

See how North Carolina-based Open Book Extracts is expanding to serve the global cannabinoid marketplace.
Neundorfer's company, a leading manufacturer of premium hemp-derived cannabinoid products, is building a reputation as a trusted supplier committed to transparency and quality.
Industry Expertise

More banking access will allow cannabis companies to grow

Many hemp and CBD companies don't currently have access to traditional banking services. But new legislation may legitimize the industry.
Giving hemp and CBD companies access to traditional banking services is the next critical step to legitimizing them.

Ryan Palmquest

SVP, Director of Hemp Business

First Citizens does not charge fees to download or access First Citizens Digital Banking, including the First Citizens mobile banking app. Mobile carrier fees may apply for data and text message usage. Check with your carrier for more information. Fees may apply for use of certain services in First Citizens Digital Banking.

First Citizens Bank & Trust Company and the parties referred to herein as "partners" are not "partners" of one another and have not entered into a "partnership", whether general or limited, as such term is used in the legal or literal sense.

Account openings and credit are subject to bank approval.

Insurance products are not insured by the FDIC or any federal government agency and are not a deposit or other obligation of, or guaranteed by, any bank or bank affiliate.

Insurance products offered in California are offered by First Citizens Investor Services, Inc., d.b.a. FCIS Insurance Solutions, Agency #6001908.

Insurance products are not insured by the FDIC or any federal government agency and are not a deposit or other obligation of, or guaranteed by, any bank or bank affiliate.

Insurance products offered in California are offered by First Citizens Bank & Trust Co., CA Agency License #OH380006.

There is a $150 monthly Specialty Banking fee associated with cannabis relationships. This fee will be charged to a designated checking account and is applicable per EIN. Account openings and credit are subject to bank approval. Individual state licensing and registration requirements apply. All accounts are subject to the terms and conditions included in our Depositors Agreement and Fee Schedules.

Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. First Citizens Bank and its affiliates are not responsible for the products, services, and content on any third-party website.

Third parties mentioned are not affiliated with First-Citizens Bank & Trust Company.

Bank deposit products are offered by First-Citizens Bank. Member FDIC and an Equal Housing Lender. icon: sys-ehl.

NMLSR ID 503941