Blum Holdings Inc (BLMH)

[Cbdpotential]

Derek Peterson, CEO of Terra Tech, a publicly-traded agricultural company that plans to open a handful of dispensaries and cultivation centers in Nevada, is already doing business with the bank. Peterson says Terra Tech has had its share of frustration operating with large amounts of cash, but he admits the problems are at least slightly better now after smaller regional banks like First Security started opening their doors to the cannabis industry.

“It helps us maintain our deposits, it helps us conduct payroll,” Peterson told Fortune recently, although he admits that his company still makes most of its payments in cash.

@TerraTechCorp: Cannabis Industry Overcomes Hurdles...one at a time! http://t.co/macKS52rmG

Cannabis Industry Overcomes Hurdles...one at a time! http://t.co/macKS52rmG

— Blüm Holdings (@blumholdings) December 16, 2014

@TerraTechCorp: Salwa Ibrahim is the co-owner of Blum, executive director of MediFarm and the senior vice president of Terra Tech. http://t.co/79SXVw4Pp0

Salwa Ibrahim is the co-owner of Blum, executive director of MediFarm and the senior vice president of Terra Tech. http://t.co/79SXVw4Pp0

— Blüm Holdings (@blumholdings) December 16, 2014