Cannabis & Hemp Banking

As the first financial institution in Massachusetts to bank the adult-use cannabis market, we have invested significant time and resources into understanding the complexities, opportunities, and evolving regulatory landscape of the industry. This commitment has allowed us to become more than a banking provider. We are a trusted partner and resource for our clients, helping them navigate challenges, achieve operational success, and position themselves for sustainable growth.

With years of specialized cannabis banking experience and a team dedicated exclusively to this industry, LBS has developed the knowledge, expertise, and infrastructure necessary to support businesses at every stage of their lifecycle. We understand that cannabis businesses require more than a place to deposit funds. They need a financial partner that understands their unique challenges and is committed to their success.

At LBS, we understand your business because we have been alongside this industry from the beginning. We care deeply about our clients, their employees, and the communities they serve. Our commitment to the cannabis and hemp sectors remains unwavering, and we continue to lead through innovation, compliance excellence, and exceptional client service.

Whether your needs are for today or your plans are focused on tomorrow, LBS is equipped to provide the secure, compliant, and personalized financial solutions necessary to help your business thrive.

We understand. We care. We are committed. Let us cultivate great banking for you.

Email: [email protected]

Phone: 978.669.0136

¹Services are available in accordance with applicable state and federal laws and regulatory requirements.

Nothing contained on this webpage constitutes legal advice. Lighthouse Biz Solutions, LLC has no regulator endorsements, express or implied, related to information contained herein or related to Lighthouse Biz Solutions, LLC. Marijuana remains illegal under the Federal Controlled Substances Act and as such, any information provided on this website regarding the use of the Lighthouse Biz Solutions LLC, to provide financial services to cannabis related businesses (“CRBs”) is based on the guidance issued by the United States Department of Treasury Financial Crimes Enforcement Network (“FinCEN”). Because cannabis remains a controlled substance, all assets related to CRBs and the assets of the financial institutions that service CRBs are subject to seizure by federal authorities. Nothing contained on this webpage constitutes legal advice and Lighthouse Biz Solutions, LLC encourages you to work closely with your legal advisors to evaluate all information provided.

Lighthouse Biz Solutions, LLC is a wholly owned subsidiary of GFA Federal Credit Union. All deposits are held with GFA Federal Credit Union and are insured by the NCUA up to the maximum value allowed by law. All loans are offered through GFA Federal Credit Union who is an equal opportunity lender.

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What is covered under my compliance fee?

Regulatory guidance requires enhanced due diligence for businesses that conduct higher risk activities. The enhanced due diligence includes more stringent monitoring of transaction activity, validation of revenue and expenses, inspections, and review of vendors and customers. Regulations such as the Bank Secrecy Act, Know your Customer, and Customer Information Profile add to the compliance burden and expense. This fee also ensures we maintain a compliant program to help your business remain in compliance and continue to grow, while providing exemplary client service with concierge bankers assigned to each operator.

Why do I need to provide invoices and financial statements?

We are required by law to track nearly every dollar that goes in and out of these accounts due to their federal legal status. To assist us in doing that, we may require things such as contracts, invoices, financial statements, and tax returns to ensure we can prove that we maintain a compliant and transparent cannabis banking program, which we have been doing since 2018.

What if I forgot my Online/Mobile Banking User ID?

Click on Forgot User ID? on the login page.

What if I forgot my Online/Mobile Banking Password?

Click on Forgot Password? on the login page.

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Additional FAQs

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Business

• New Business
• Additional Accounts
• $10,000.00 MRB Line of Credit
• Commercial and Small Business Loans

Personal

• Deposit Accounts
  • Checking
  • Savings
  • Certificates (CD)
  • Youth Accounts
• Vehicle Loans
• Home Loans
• Credit Cards
• Personal Loans
• Overdraft Line of Credit

Manage

• Digital Banking
• Reorder Checks

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