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Needham Bank Pioneers Cannabis Banking in a Cash-Heavy Industry
In an industry where cash remains king due to federal prohibition, Needham Bank is a rare financial ally for cannabis entrepreneurs across the Northeast. While most institutions shy away from the sector, this Massachusetts bank has deliberately positioned itself at the intersection of traditional banking and an enigmatic cannabis market.
"The entire bank is cannabis friendly from our CEO, Joe Campanelli, to our COO, Christine Roberts, the Board, and all my peers in Senior Leadership," explained Paul Evangelista, Executive Vice President and Director of Specialized Banking at Needham Bank.
Buzz Cannabis Business News 29 April 2025
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