Dama Financial (“Dama”) the premier provider of access to banking and payment solutions through its FDIC-insured banking partners for the rapidly growing legal cannabis industry, today announced the completion of its $12.6 million Series B funding round, bringing Dama’s total funding to approximately $24 million to date. The round was led by a group of strategic new investors. Currently serving over 7% of the legal cannabis businesses in California, operational in 12 states, and with over 50,000 consumers with digital wallets in the United States, Dama has processed over $2 billion in transaction value since inception.

Sean Hocking, Cannabis Law Report, 04/26/2021 02:39:00

Open article: https://cannabislaw.report/dama-financial-raises-12-6-million-to-expand-financial-solutions-offerings-to-cannabis-operators/