New York-based LeafLink has acquired the assets of Dama Financial’s banking division as the cannabis wholesale technology platform expands financial services to the marijuana industry.
Financial details of the transaction were not disclosed in a Wednesday news release, and LeafLink declined to comment on the price to MJBizDaily.
ADVERTISEMENT
This acquisition, according to LeafLink, lays the groundwork to develop an integrated banking solution for cannabis operators, which often lack secure and reliable financial services.
“After witnessing firsthand the negative impact the federal prohibition has had on operators’ access to traditional banks, we are thrilled to add banking to LeafLink’s product suite,” CEO Artie Minson said in a statement.
“Very few companies and people South San Francisco, the expertise that Dama Financial offers to
Read full article on Marijuana Business Daily
