Cannabis Business Banking

Village Bank supports licensed cannabis entrepreneurs with secure, transparent banking relationships built on trust, expertise, and compliance.

Empowering Cannabis Businesses with Compliant Banking Solutions

Cannabis businesses face unique obstacles when it comes to accessing banking services. Whether you’re a grower, processor, or dispensary, you need a financial advisor that understands regulatory complexity, cash handling needs, and the importance of compliance. That’s why we offer Village Business Select Checking, a purpose-built solution designed to support the operational and compliance demands of cannabis-related businesses. Village Bank is here to help.

Speak to a Banker to Get Started

Village Business Select Checking

Built specifically for licensed cannabis-related businesses, Cannabis Select Checking delivers reliable access to business banking, with features that support compliance, cash flow, and operational efficiency.

  • $1,000 minimum opening deposit

  • $250 monthly service charge

  • $0.15 per item fee

  • $2.00 per $1,000 cash deposited or withdrawn

  • Earn a 1.00% earnings credit* to reduce fees

  • Provisional credit** on deposits when using a smart safe, get credit before cash physically reaches the bank

Features

  • Free eStatements when you enroll in paperless statements

  • Fully aligned with Minnesota cannabis banking regulations

  • Managed by a Certified Cannabis Banking Specialist for expert support and guidance

Perks

What We Offer

Cash Management Solutions

Customized solutions for deposits, armored car services, and real-time visibility.

Cash Courier Services

For your safety and to help keep your cash secure, Village Bank will assist in coordinating a licensed cash courier service and an optional Smart Safe setup. For cannabis-related businesses, all cash deposits must be transported via the approved courier service as part of our secure cash-handling protocol.

Lending Services

Flexible capital options for licensed businesses (commercial real estate loans, and more).

Regulatory Compliance Guidance

Designed to help you stay aligned with FinCEN guidance and state law.

*The earnings credit is an internal bank rate and is subject to change at the bank's discretion. The earnings credit is applied toward the monthly service charge and transaction fees based on an average monthly collected balance. To qualify for the earnings credit, the Business Select Checking account must be in full compliance with the terms and conditions laid forth in the account agreement. The earnings credit does not have a cash value and does not carry over from month-to-month.

** You will receive provisional credit for deposits held within the smart safe, starting the business day after they are reported to the bank. Smart Safe software/subscription contract is with Empyreal Logistics is required at an additional cost. See the account agreement for additional details.

Let’s Start the Conversation


Kristi Graf | VP, Community Banker

Certified Cannabis Banking Specialist


To keep your information secure, please do not include confidential or personal information when sending an email.

Send me an Email | 763-398-3594
9298 Central Avenue NE | Blaine, MN 55434
NMLS ID: 1928297 | NMLS Co. ID: 786171
Send me a Secure File

Frequently Asked Questions

  • Yes, Village Bank supports legally licensed and compliant cannabis businesses across Minnesota. We take a relationship-first approach and evaluate MRB banking needs on a case-by-case basis, prioritizing regulatory alignment, and mutual trust.

  • We offer a suite of services designed to support the unique needs of cannabis businesses, including:

    • Village Business Select Checking

    • Cash management and deposit solutions

    • Digital and mobile banking access

    • Lending options for eligible operators

    Our goal is to make your day-to-day operations smoother, so you can focus on growth.

  • Absolutely. MRBs can take advantage of our full digital banking platform, including mobile check deposit, account monitoring, bill pay, secure messaging, and more. We understand the fast-moving pace of your industry and equip you with the tools to stay on top of your finances.

  • Compliance is a cornerstone of our MRB banking strategy. We follow FinCEN guidelines and state regulations closely, and we work with our clients to ensure transparency in documentation, licensing, and operations. Our compliance team supports safe, secure, and legal banking relationships with cannabis entrepreneurs.

  • You’ll need to bring a few pieces of documentation with you:

    • Your business license

    • Articles of incorporation

    • Bylaws

    • EIN

    • Operating agreement

    • Identification for all owners

    • Any other standard business documentation

  • It starts with a conversation, and we’d love to hear from you. Schedule a call with our community banker or stop by a branch to learn how we can help you bank legally, safely, and with confidence.