David Dinenberg, Founder and CEO of KindBanking™ stated, “KindBanking™ will provide financing as well as other financial solutions to the underserved legal cannabis industry allowing people and their businesses to realize their full potential.”
Los Angeles, CA (PRWEB) April 07, 2014
KindBanking™ -- proudly announces their upcoming feature articles in IReadCulture.com, Alternet.org, and THC Magazine for their special 4/20 editions. KindBanking™ has been featured as the banking solution for the legal cannabis industry.
During his interviews, David Dinenberg, Founder and CEO of KindBanking™ stated, “KindBanking™ will provide financing as well as other financial solutions to the underserved legal cannabis industry allowing people and their businesses to realize their full potential.”
On February 14, 2014 The Financial Crimes Enforcement Network (“FinCEN”) issued guidelines to clarify the Bank Secrecy Acts’ (“BSA”) expectations for financial institutions seeking to provide services to marijuana-related businesses. The FinCEN guidelines clarify how financial institutions can provide services to marijuana-related businesses consistent with their BSA obligations, and align the information provided by financial institutions in BSA reports with federal and state law enforcement priorities. The FinCEN guidelines should enhance the availability of financial services for, and the financial transparency of, marijuana-related businesses.
KindBanking™ intends to establish a global investment fund to invest in legal cannabis businesses in the US and foreign markets. The fund intends to make debt, convertible debt, and equity investments in businesses ranging in size from start-ups and emerging businesses to more established companies.
KindBanking™ intends to provide a cash storage business called KindStorage™. KindBanking™ will utilize armored car services for pick-up and delivery of cash for legal cannabis businesses. KindBanking™ will employ former military personnel to provide a secure environment for processing these cash transactions. KindBanking™ targeted initial locations in Seattle and Denver. Public safety is a main priority of KindBanking™. David Dinenberg states, “Legal cannabis businesses that do not have access to safe cash transportation, create major public safety problems in addition to logistical and operational challenges. Many legal cannabis businesses have large amounts of cash on hand each day and must find ways to store it and pay their vendors and suppliers. Our KindStorage™ service will solve these problems safely and efficiently.”
KindBanking™ KindCard™. – “We intend to launch a debit card solution, which will facilitate cashless transactions. We understand that retail stores and similar businesses in the cannabis industry desire a card-based solution to conduct everyday transactions," states Dinenberg.
Dinenberg states, "We sincerely appreciate the awareness brought to our company through the media. We are a business founded with family values and believe that the American Dream is possible within the cannabis industry."
For additional information, visit http://www.KindBanking.com.
KindBanking™ invites the public to get involved in the conversation about banking as it relates to cannabis through the company's social media websites on
Facebook : https://www.facebook.com/KindBanking
Twitter : https://twitter.com/kindbanking