Community Savings Announces New Account Pricing for Craft Cannabis Cultivators
The new pricing structure will support craft cultivators in BC who still face unequal fees
Community Savings Credit Union, a leading BC credit union, is pleased to announce new pricing for cannabis craft and micro cultivators at the LIFT cannabis conference in Vancouver today.
The 18/6 account brings even more affordable and accessible banking to cannabis cultivators with micro-licenses who produce some of the best cannabis in the world, but are challenged by the current business and regulatory environment. The account can be opened and approved online, enabling cannabis businesses across BC to benefit.
“Our craft cultivator account offering has been updated to better serve micro-cultivators in BC, who continue to face both banking and regulatory hurdles,” says Mike Schilling, CEO of Community Savings Credit Union. “Craft cannabis cultivators need our support to continue to grow a truly best-in-class product in an environment where cannabis business owners still struggle with economic inclusivity.”
Named after the optimal light and darkness conditions for growing cannabis, the 18/6 account shines the light on accessible and equitable banking for cannabis. The account features a new low $99 monthly fee with 30 transactions included. Community Savings will refund the $150 application fee for cultivators after six months. The zero-cost application fee (after refund) is drastically lower than the other financial institutions that charge thousands of dollars for an application.
Community Savings was one of the first credit unions to proactively work with the cannabis sector. Its fundamental belief is that cannabis retailers and producers should have access to fair and affordable banking services, just like any other legal business. With over 100 cannabis retail and cultivation accounts in BC, Community Savings proudly offers banking services and solutions to take cultivator businesses to a new high.
For more on cannabis cultivator banking, visit www.comsavings.com/growwithus.
About Community Savings
We exist to unite working people to build a just world. This is our guiding principle above and beyond the products and services we provide daily. Community Savings Credit Union is committed to financially empowering its members and BC’s communities by providing best-in-class personal and business banking while supporting economic inclusivity. A purpose-led and fully unionized credit union that is the largest provider of banking services to BC labour unions. We live by our actions as Community Savings has a strong history of advocating for the working community to create a better BC for all.