LBW Insurance and Financial Services is proud to announce its partnership with StandardC, a solution for state-licensed cannabis-related businesses struggling to find banking and insurance services. As many cannabis firms have experienced, the search for cannabis-friendly banks, credit unions, insurers, and even armored cash transport services can be frustrating and inefficient. StandardC has developed a platform that connects pre-vetted, licensed cannabis entities with financial institutions and other service providers.
The StandardC platform automates and streamlines initial and ongoing due diligence and compliance that banks, credit unions, insurers, and other related parties require. StandardC provides these institutions assurance that they aren’t engaging with bad actors. In addition, StandardC’s B2B transaction monitoring includes counterparty KYCC, providing banking institutions and others even more confidence in the cannabis firms they choose to engage with.
As StandardC’s preferred insurance partner, LBW is an experienced advisor in the risk landscape of the cannabis industry. We bring a wide array of insurance, risk, and safety solutions to these clients. Through the StandardC online platform, we can quickly gather much of the information required to procure quotes from cannabis-friendly insurers. As an LBW client, cannabis firms benefit from the custom and personalized approach offered by our team.
Cannabis is an evolving and dynamic industry that requires passion and focus in order to stay current, and the team at LBW is proud to partner with an innovator like StandardC. Together, we’re working hard to remove obstacles and enhance the commercial environment for this ever-changing and growing industry.