Go to main content
United Prairie Bank
ONLINE BANKING

Personal/Retail

Login

Locally Grown

Cannabis Banking

Banking at a higher level - let's grow together

Whether your Cannabis-Related Business (CRB) is just getting started or taking business to the next level, United Prairie Bank can help you get there. Our Cannabis Banking solutions are designed to support the success of your locally-grown business. We serve businesses involved in cannabis, marijuana, hemp, THC and CBD.

 

Our solutions for Direct and Indirect Cannabis-Related Businesses:

Cannabis Business Checking Cash Management Tools Online and Mobile Banking
Cannabis Business Lending Mobile and Remote Deposit Cash and Coin Processing
Business Debit Cards & Merchant Services (Coming Soon) Wire and ACH Payments More Services To Come...

 

 

Cannabis Business Banking available to all types of licenses and businesses

business savings
 

Cannabis-Related Business Loans

We offer lending solutions to help your business grow to the next level. Equipment loans, real estate loans, line of credit - we've got options for you.

Reach out now to find out how we can help you grow.

Cannabis banking experts

Our team of dedicated community bankers have a strong understanding of the additional due diligence, compliance and requirements that cannabis-related businesses face. Our goal is to help your business succeed by providing a high level of service that supports the unique needs of the industry.

Get connected with one of our bankers today!

Mary Loftus

Mary Loftus

Treasury Management / Deposits
Phone: 612.756.4690

Email Mary

Justin Day

Justin Day

Business Banker / Lending

Phone: 507.386.4870

Email Justin

 

Justin Day

Mike Dietsch

Business Banker

Phone: 507.599.6357

Email Mike

 

Justin Day

Jeff Martinka

Business Banker

Phone: 320.796.4806

Email Jeff

 

Justin Day

Katie Nosbush

Business Banker

Phone: 507.233.3355

Email Katie

 

Justin Day

Valerie Wolford

Relationship Manager

Phone: 507.295.3331

Email Valerie

 

 

Contact Us

 

frequently asked questions:

What is the difference between direct and indirect cannabis-related businesses?

An “indirect marijuana business” is one that derives any of its gross revenue from sales to Direct Marijuana Businesses of products or services that could reasonably be determined to support the use, growth, enhancement, or other development of marijuana. A “direct marijuana business” is one that grows, produces, processes, distributes, or sells marijuana or marijuana products, edibles, or derivatives, regardless of the amount of the activity.

Why are the fees higher on Cannabis Banking accounts and services versus regular business accounts?

Banks that choose to offer cannabis banking take on additional regulatory requirements, reporting and risk management practices, and due diligence in order to offer and maintain a well-managed program. These extra measures mean the bank must attain additional monitoring tools, staff training and support which causes significant extra expense. 

How can my CRB qualify for banking services?

Your cannabis-related business (CRB) must be properly licensed through the state of operation and be compliant with all state reporting and regulatory requirements. 

Where can I find information about licensing my CRB in Minnesota?

The State of Minnesota Office of Cannabis Management website provides information about licensing, applications and grants. https://mn.gov/ocm/businesses/

how can i find resources to support my business? 

We have a list of great partners who can assist you with things like consulting for your new business, transporting cash, providing an ATM, learning and advocacy for the cannabis industry and more. Click here to view the partner list.

cannabis banking

family-owned, community-focused

We hope you choose to partner with United Prairie Bank to grow your business!