TLDR: Required Documents
Business Operating Agreement
Articles of Organization
State cannabis licenses
(and City if applicable)
County/municipal cannabis permits
Certificate of Use/Occupancy
Last 3 months of bank statements
Annual statement
KYC information for everyone owning 10% or more of the business
govt issued IDs
EIN documentation
Organization chart showing business ownership structure
DBA/Fictitious Business Name filing (if you operate under a different name)
Document Details
Business Documents
These documents prove your business is legally established and show us how your company is structured. Think of them as your business's birth certificate and instruction manual – they're fundamental to proving you're a legitimate operation.
Your Operating Agreement
Original Articles of Organization
DBA/Fictitious Name (if applicable)
Licenses and Permits
Your licenses and permits show you're operating legally in your jurisdiction. We need to verify all your authorizations are current and valid. The Certificate of Use of Occupancy confirms your business location is properly zoned and safe for cannabis operations.
State Cannabis License
City Cannabis License (if your city requires one)
Any additional county or municipal cannabis permits
Certificate of Use of Occupancy
Financial Records
Recent bank statements help us understand your typical business activity and cash flow. The annual statement gives us a broader view of your business's financial health. Your EIN documentation confirms your federal tax registration status.
Last 3 months of bank statements
One annual bank statement
EIN documentation
Ownership Information
Banking regulations require us to know and verify the identity of all major business owners. This helps prevent financial crimes and ensures transparency in the cannabis industry.
Government ID (driver's license or passport) for all owners with 10% or more ownership
Organization chart showing your business structure
Complete our KYC verification process through our Weave program
What to Expect After Submission
Our team will review your documents within 7 business days and we'll reach out if we need any clarification or additional information. Sponsor bank approval can take up to 14 days, so you will have an application approval response within that time.
Keeping Your Account in Good Standing
To maintain your relationship with Straddle:
Keep all licenses and permits current
Notify us of any ownership changes
Update us if you change business locations
Maintain accurate financial records
Remember, maintaining current documentation helps ensure uninterrupted services. We'll send reminders when it's time to update your information, but feel free to contact us anytime with questions about your account or documentation requirements.