Cannabis Banking


At Bridgewater Bank, we're committed to empowering entrepreneurs in Minnesota's cannabis industry. Whether you're involved in low-dose hemp products or full recreational/adult-use businesses, we have the expertise and solutions to support you. Our comprehensive banking solutions are designed to meet your specific needs, while our resources help you stay compliant in a dynamic regulatory environment. 

—Cannabis Banking Solutions

Simple solutions for your cannabis enterprise.

Enterprise Business Checking

Optimize cash flow with Enterprise Business Checking.
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Business Money Market

Earn tiered interest with hemp business accounts.
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Cannabis Business Checking

Tailored accounts for cash-intensive cannabis businesses.
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Cash Logistic Services

Innovative cash logistics for cannabis businesses.
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ACH Services

Gain access to the powerful Automated Clearing House payments network.
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Wire Transfers

Keep your business moving with wire transfers from your home or office.
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Business Online Banking

Welcome to amplified online banking. It's what you need to run a successful business.
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Mobile Banking for Business

Approve payments, deposit checks and transfer money from the convenience of your phone.
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Remote Deposit

Simplify your schedule by depositing checks on your time, not ours.
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Business Debit Cards

A variety of options designed with your unique needs in mind.
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Driving your business forward.

Meet the team dedicated to supporting your success in the cannabis industry.

Damon Alm

Damon Alm

Assistant Vice President Treasury Management

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Image of Bridgewater team member, Ross Briggs.

Ross Briggs

Assistant Vice President Commercial Banking

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Brian OBrien

Brian OBrien

Portfolio Manager

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Damon Alm

Assistant Vice President Treasury Management


What makes Bridgewater unconventional:

"What sets Bridgewater Bank apart is its flexibility and client-focused approach. We offer entrepreneurial perspectives with a local presence."

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Ross Briggs

Assistant Vice President Commercial Banking


What makes Bridgewater unconventional: "Our commitment to challenging the status quo and continuously searching for new ways to provide creative solutions for our clients is second to none."


Specialty: CRE

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Brian OBrien

Portfolio Manager


What makes Bridgewater unconventional: “We are a relationship-based bank first and provide our clients with one of the industry's most efficient loan delivery processes.”

Cannabis Banking FAQs

Why work with a local bank in this space?

As a business owner, you are busy managing your enterprise and expect a high degree of support from your bank. Our local team understands this. We also understand the local market and the nuances associated with it, which allows us to problem solve, make recommendations, and provide network connections to assist with other business needs beyond banking.

How can I get started with cannabis banking at Bridgewater Bank? 

Get in touch with our dedicated Cannabis Banking Team here who can walk you through our streamlined process to opening an account.

What services do you offer for cannabis businesses?

We offer business checking accounts, money market accounts, and a full suite of treasury management products to help move your cannabis business forward.

What documentation do I need to open a cannabis business account?

To get started we will require registered business confirmation with the Minnesota Secretary of State, Articles of Organization/Incorporation, EIN, and Operating Agreement/By-Laws. Also, as part of our due diligence process, we will require/ask for other items specific to your type of Cannabis related Business and the license type. 

What differentiates Bridgewater Bank from other banks in the Cannabis Industry?

Our industry leading Cannabis Banking Program in Minnesota utilizes Green Check Verify to streamline our due diligence and onboarding process. Green Check Verify is a software that allows Bridgewater Bank to connect with your legal cannabis business in a transparent way that gives us the necessary visibility into your cannabis business operations for us to confidently serve your business in compliance with Minnesota state law.

In working with Bridgewater Bank, you will notice a refreshing approach to banking. In everything we do, we aim to challenge the status quo and our Cannabis Banking Program is no different. We believe banking doesn’t have to be conventional. We provide an unparalleled experience centered on our responsiveness.


— Client Testimonials

As a Bridgewater Bank client, you'll experience unparalleled support.

A reliable banking partner for entrepreneurs in Minnesota's cannabis industry. Their words, not ours.

Crooked Beverage Company

“Initiative, tenacity, relationship management, and problem-solving are not typical words associated with an ordinary bank, but they describe Crooked Beverage’s experience with Bridgewater Bank.”

— Crooked Beverage Company
Kite Soda

“Bridgewater Bank has been an exceptional partner in our cannabis business journey. The team’s expertise and dedication to understanding our unique needs have provided us with the confidence and support to grow our business.”

— Kite Soda
Kria Botanicals

"After seven years of working in the cannabis industry, I finally found a reliable banking partner in Bridgewater Bank. The Bridgewater team understands the challenges of navigating this industry, and when other banks see obstacles, Bridgewater sees opportunity."

— Kria Botanicals

Ready for something
unconventional?