Press

Dama Financial ("Dama"), the largest provider of access to financial services for the cannabis industry, is making its business solutions available to any legally operating company operating in a state that has legalized cannabis for adult and/or medical use.

Dama Financial is making its business solutions available to any legally operating cannabis company nationwide.

Dama Financial, the Leading Provider of Access to Banking and Financial Solutions for Cannabis Businesses, Announces the Completion of $12.6 Million Growth Equity Raise

Dama will leverage the new round of investment to accelerate its already impressive growth, continue to address the lack of financial service products being offered to the cannabis industry, recruit top talent, and scale the business with the backing and support of its investors.

Cannabis industry faces hurdles, especially with financial transactions

The cannabis industry has overcome many hurdles as it has matured. Aside from vast differences in state-by-state regulations, the restrictions on financial services are among the most challenging. Whether it is a customer who wishes to pay for purchases, a cannabis business needing access to basic banking for day-to-day operations, or a cannabis business negotiating capital investments at exorbitant rates, roadblocks have defined this business journey.