Banking and payment processing solution for the cannabis industry. Monarch Technologies, Inc. is a fully licensed Money Transmittal Service Provider. Currently, we are operating as a Fintech services provider for the legitimate Hemp industry, serving businesses, governmental compliance entities, and consumers. We’ve developed a proprietary business banking compliance platform called Monarch. Monarch was built after years of industry research from client frustration and misunderstanding of how to handle compliance, taxation, and payments in the Hemp/CBD industry. After analyzing and diagnosing the banking industry and practices, we identified the need to solve these issues with a compliance-driven SaaS platform.
The intention being to reduce the risks involved for Hemp/CBD business owners as well as for financial institutions to successfully underwrite, on-board and provide continued compliance and taxation services to farmers, growers, supply chain, distribution, wholesale, manufacturing and dispensary initiatives.