Press

July 24, 2024 – LeafLink, the nation’s leading cannabis wholesale platform, announced the

acquisition of the assets of Dama Financial’s banking division, one of the industry’s largest

cannabis banking platforms on the market. This acquisition lays the groundwork for a future

integrated banking solution, signifying a monumental step towards eliminating one of the most

persistent hurdles facing cannabis operators: the lack of access to secure, reliable, and

compliant financial services.

The LeafLink platform currently offers a suite of services for cannabis brands and retailers,

including...

Dama Financial ("Dama"), the nation's largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. ("GrowFlow"), whose business management and compliance tools have processed more than $3.3 billion for cannabis retailers, cultivators, processors, and distributors.

Dama Financial has entered an agreement to acquire GrowFlow, creating a comprehensive solution for cannabis companies.

Combining Dama's fintech and payment solutions and GrowFlow's industry-leading software platform will create the most sophisticated,...

Despite expanding legalization of cannabis, businesses operating legally in the space face no shortage of headaches when it comes to getting banked, accessing loans and having access to the critical financial services any company needs to operate.

For players in this high-cash market, it is a well-known fact that — in addition to the traditional pains of operating a small business — compliance and a lack of access to the banking sector create compounded difficulties.

Dama Financial ("Dama"), the nation's largest provider of access to banking and payment solutions for the cannabis industry, has expanded its product offering with the release of Dama Payroll, a comprehensive payroll solution that integrates seamlessly with Dama's platform.

Exclusive Interview with Dama Financial Co-Founder and CEO Anh Hatzopoulos

Dama Financial was formed four and a half years ago by a group of payments professionals. Today, the company partners with FDIC-insured banks and offers the cannabis industry comprehensive banking and financial services. Co-Founder and CEO Anh Hatzopoulos spoke with New Cannabis Ventures about serving the cannabis space and growing the Dama Financial platform. The audio of the entire conversation is available at the end of this written summary.

Dama Financial (“Dama”), the nation’s largest provider of access to banking and financial services for the cannabis industry, has added Dama Smart Safe to its business toolkit.

Smart safes allow business owners to authenticate and monitor their cash at every step of the handling process. With rapid advancements in counterfeit technology, the detection of fake currency with the naked eye has become nearly impossible. Smart safes are equipped with bill validators that significantly decrease the risk of fraud. At the same time, the cash is reconciled automatically, eliminating the need to spend...