On December 8, 2022, Missouri approved the use of recreational marijuana for consumers 21 years and older. The legalization of both medicinal (in 2018) and adult-use cannabis in Missouri created waves in the industry as Missouri, prior to its cannabis legalization, was widely known to be one of the most strict states regarding possession of the substance in the country. Nonetheless, the state maintains strict compliance regarding its regulated cannabis markets. 

At Confia, our team of professionals is devoted to navigating the unique complexities of higher-risk and emerging industries in the Show-Me state. Our team of professionals is devoted to meeting your unique needs and to facilitating your business’s success. With our highly customizable commerce platform, rest assured you have access to secure, dependable financial services while focusing on growing and developing your business operations. 

Cannabis Compliance in the Show-Me State

Cannabis regulatory compliance in Missouri falls to the responsibility of the Missouri Department of Health and Senior Services’ cannabis division. This division was created in order to oversee the state’s adult-use regulated market that began in February of 2023. 

Regulations in the Show-Me state ensure that cannabis is only available for purchase from state-licensed medical marijuana dispensaries and facilities that have applied for and received a comprehensive (i.e. recreational) facility license. The state prioritizes strict guidelines that connect both recreational and medicinal regulated markets as a means to ensure the safety of their citizens. Given the federally illegal status of cannabis, regulatory compliances can be a necessary, yet complex element of operating a cannabis or cannabis-related business, especially in the Show-Me State. 

Confia: Confidence for the Underserved and Underbanked

Missouri holds strict regulatory compliance guidelines to ensure a successful, safe, and stable medicinal and adult-use cannabis market. Specializing in serving underserved and higher-risk emerging industries, Confia is your trusted partner in navigating regulatory compliances and requirements in the Show-Me State. 

Our team of specialists is committed to providing secure, efficient financial services to ensure you can achieve compliance with ease while confidently organizing your business operations and expanding payment options. Rest assured, Confia accounts are FDIC-eligible, offering an unlimited account balance for your peace of mind. 

Our services include: 

• • • Checking and savings accounts
    • Online commerce platform access
    • Payroll assistance
    • ACH payment and origination options
    • Wire services

Confia proudly advocates for comprehensive and reliable financial services with our wholly customizable commerce platform. For those operating in underserved and emerging industries, trust Confia to pursue a future of growth for business operations in Missouri.

Contact us to learn more.