Comprehensive Financial Services for the Cannabis Industry with Dama Financial

Published: Dec. 5, 2021, 1:50 a.m.

Comprehensive Financial Services for the Cannabis Industry with Steve Morss Chief of Cash Operations with Dama Financial

How Dama Financial Is Offering the Cannabis Industry Comprehensive Financial Services
https://www.newcannabisventures.com/how-dama-financial-is-offering-the-cannabis-industry-comprehensive-financial-services/

Dama Financial serves the entire spectrum of the cannabis industry, including retailers, manufacturers, distributors and cultivators. The company also serves ancillary companies, such as labs, investment firms and law offices that touch the cannabis industry. Dama can serve any client who struggles to get a bank account that will have cannabis transactions flowing in and out of it.
Currently, Dama Financial serves clients in approximately 13 states.

Dama Financial is aggressively adding clients within its existing footprint and in the states it is expanding into, including Nevada, Missouri and Hawaii. The company started out by offering banking and merchant acquiring. Today, it offers those services as well as lending, secured credit cards and now payroll. Dama Financial plans to continue offering additional value to its customers, which in turn will drive more revenue.

Dama Financial recently 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 hours doing it manually.

Dama Financial has added Dama Smart Safe to its business toolkit, allowing businesses to authenticate and monitor cash.

With Dama Smart Safe, the safe can promptly record any deposit as a credit to the customer's Premier Business account, providing access to the money the next business day. Dama Smart Safes can be configured to meet the needs of any size operation.