Dama Financial: Providing Compliance Solutions for Cannabis Banking Programs

In recent years, the cannabis industry has experienced significant growth and legalization across various states in the United States. However, despite this progress, cannabis businesses continue to face challenges when it comes to accessing banking services. The federal illegality of cannabis has led many financial institutions to shy away from serving this industry due to regulatory concerns and reputational risks. In this episode, we delve into the world of cannabis banking and explore how Dama addresses these issues and paves the way for a more inclusive financial landscape.

On today's episode, we are joined by Aaron Ranka, Chief Revenue Officer from Dama. Dama is a merchant services company that acts as a bridge between traditional banking institutions and cannabis merchants. They have built a combination of proprietary software and traditional market sources to provide their services. Dharma addresses the concerns of banks by offering solutions to regulatory issues and providing the necessary resources and technology.