Oklahoma Cannabis Banking | Mel Barnes from Oklahoma State Bank

Cannabis banking is a topic that is on the mind of every cannabis business operator.

We sat with Mel Barnes, the SVP and Chief Operations Officer at Oklahoma State Bank to discuss their new cannabis bank accounts and cannabis financial services.

In this video, we cover:
+ Who is Mel Barnes and Oklahoma State Bank?
+ Do you need to be a HUGE business to get cannabis banking at OSB?
+ What does the cannabis bank account cost?
+ Why are national banks closing PERSONAL accounts of cannabis business owners?
+ Why is Oklahoma different than other states?
+ What do you need to have in order to open an account with OSB?
+ How long does it take to get approved?
+ Does having a cannabis CPA make the process easier?

If you need a cannabis bank account and operate in Oklahoma, then please reach out to Mel and her team at http://greengrowthcpas.com/OKBank.

If you need help with your cannabis business accounting, then please reach out to us at https://greengrowthcpas.com/get-started/ or call 800-674-9050.

6 Comments

  1. Tripp on May 24, 2021 at 7:09 pm

    So if you have a bank account you can take card payments without facing penalties?



  2. Keith Rich on May 24, 2021 at 7:21 pm

    I come across cannabis clients that need bank deposit accounts for their business. Any suggestions?



  3. Diana Yadira on May 24, 2021 at 7:23 pm

    This is perfect! Thank you!!



  4. Margaret D on May 24, 2021 at 7:40 pm

    what document bank need to open a cannabis business account.and what is the fee for the account monthly or annually.



  5. Chris Molloy on May 24, 2021 at 7:51 pm

    😎



  6. UC T on May 24, 2021 at 7:55 pm

    oklahoma?