Left Coast Financial – The Provider of Dispensary Business Banking Solutions for Cannabis Industry – PR Newswire

PORTLAND, Ore., Oct. 7, 2022 /PRNewswire/ — Founded in 2016 and headquartered in Portland, Oregon, Left Coast Financial Solutions is a neo-bank offering an online payment platform bridging cannabis and banking. As a provider of dispensary business banking solutions for the cannabis industry, Left Coast partners with a depository institution to offer checking, ACH, and wires that allow businesses to receive money from customers and pay their vendors. It also provides free cash-in-transit, digital access to funds, and ongoing payment compliance services. 

The services of Left Coast are devised to support businesses throughout their brick-and-mortar entire seed-to-sale life cycle. Especially for the cannabis industry, Left Coast aims at simplifying the process of compliance and making it inclusive for companies that are frequently underserved, underbanked, and forgotten. 

Left Coast follows a compliance-based approach where its team of experts monitors every transaction. In the process, it reduces common risks and costs associated with providing financial services to cash-intensive industries, such as cannabis. 

The Services Offered by Left Coast

To begin with their services, Left Coast requires government-issued identification that establishes that the business is a registered identity at par with state and federal regulations. It also performs an initial financial analysis that ensures

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