Cannabis Banking
At Bridgewater Bank, we're committed to empowering entrepreneurs in Minnesota's cannabis industry. Whether you're involved in low-dose hemp products or full recreational/adult-use businesses, we have the expertise and solutions to support you. Our comprehensive banking solutions are designed to meet your specific needs, while our resources help you stay compliant in a dynamic regulatory environment.
—Cannabis Banking Solutions
Simple solutions for your cannabis enterprise.
Enterprise Business Checking
Business Money Market
Cannabis Business Checking
Cash Logistic Services
ACH Services
Wire Transfers
Business Online Banking
Mobile Banking for Business
Remote Deposit
Business Debit Cards
Driving your business forward.
Meet the expert dedicated to supporting your success in the cannabis industry.
Erica El Hilali
Vice President Treasury Management - Cannabis Banking
More Info
Cannabis Banking FAQs
Why work with a local bank in this space?
As a business owner, you are busy managing your enterprise and expect a high degree of support from your bank. Our local team understands this. We also understand the local market and the nuances associated with it, which allows us to problem solve, make recommendations, and provide network connections to assist with other business needs beyond banking.
How can I get started with cannabis banking at Bridgewater Bank?
Get in touch with our dedicated Cannabis Banking Team here who can walk you through our streamlined process to opening an account.
What services do you offer for cannabis businesses?
We offer business checking accounts, money market accounts, and a full suite of treasury management products to help move your cannabis business forward.
What documentation do I need to open a cannabis business account?
To get started we will require registered business confirmation with the Minnesota Secretary of State, Articles of Organization/Incorporation, EIN, and Operating Agreement/By-Laws. Also, as part of our due diligence process, we will require/ask for other items specific to your type of Cannabis related Business and the license type.
What differentiates Bridgewater Bank from other banks in the Cannabis Industry?
Our industry leading Cannabis Banking Program utilizes state-of-the-art software to streamline our due diligence and onboarding process. This software allows Bridgewater Bank to connect with your legal cannabis business in a transparent way that gives us the necessary visibility into your cannabis business operations for us to confidently serve your business in compliance with Minnesota state law.
In working with Bridgewater Bank, you will notice a refreshing approach to banking. In everything we do, we aim to challenge the status quo and our Cannabis Banking Program is no different. We believe banking doesn’t have to be conventional. We provide an unparalleled experience centered on our responsiveness.
— Client Testimonials
As a Bridgewater Bank client, you'll experience unparalleled support.
A reliable banking partner for entrepreneurs in Minnesota's cannabis industry. Their words, not ours.
“Initiative, tenacity, relationship management, and problem-solving are not typical words associated with an ordinary bank, but they describe Crooked Beverage’s experience with Bridgewater Bank.”
“Bridgewater Bank has been an exceptional partner in our cannabis business journey. The team’s expertise and dedication to understanding our unique needs have provided us with the confidence and support to grow our business.”
"After seven years of working in the cannabis industry, I finally found a reliable banking partner in Bridgewater Bank. The Bridgewater team understands the challenges of navigating this industry, and when other banks see obstacles, Bridgewater sees opportunity."