Twin Brothers Adam and Alex Harowicz are launching Staack, a revolutionary banking and blockchain solution to help cannabis businesses improve cash flow

Revealed: Nov. 14, 2022 at 8:00 AM MST

• Staack is a initial-of-its-kind challenger bank set to revolutionize the cannabis industry by providing hashish firms with digital payments and obtain to business funding.
• Staack is seeking to elevate $2 million via a crowdfunding marketing campaign established to begin on November 14th, 2022.

NEW YORK, Nov. 14, 2022 /PRNewswire/ — Adam Harowicz, co-founder and Staack CSO, has been a certified cannabis distributor considering that 2018 and is aware of initially-hand the difficulties hashish operators face.

“At present, hashish enterprises operate with dollars simply because really couple of fiscal institutions are keen to chance obtaining them as clients. Polices are even now a operate in development, and it can be just not really worth it for more substantial banks,” states Adam.

With heavy income use and handbook processes in the cannabis sector, operators lack precious transaction info, which makes home for mistakes.

“Cannabis owners are applied to acquiring a solitary source of real truth to operate their overall enterprise, and which is generally a income vault or safe and sound. So money budgeted for one particular purpose finishes up remaining expended on a different,” extra Adam.

Staacks are budgets each hashish organization can set dependent on specific desires. The Staack app is currently being created with capabilities that make it simpler for cannabis corporations to work in the 21st century.

“The U.S. has designed strides in exploring central bank digital currencies and FedNow to permit instant payments, but we’re lagging in overall FinTech adoption when in contrast to developed and even rising markets,” suggests Alexander Harowicz, co-founder and Staack CEO.

Staack is proposing blockchain as an functioning technique and payment alternative for almost everything cannabis. The Harowicz twins imagine that supplied the industry and revenue dimensions and likely for world-wide commerce, hashish is the ideal industry to test blockchain on a substantial scale.

The pilot for Staack will launch in New York Town in late 2023, and the twin brothers are seeking to elevate $2 million as a result of fairness crowdfunding.

Alexander Harowicz, who labored in personal equity for several years, highlighted that it is really critical to them that Staack is supported by the neighborhood, which is the rationale for launching a crowdfunding marketing campaign.

Any individual with as very little as $100 can make investments all through the marketing campaign setting up November 14th, 2022.

You can master extra about Staack by browsing the company’s web page and crowdfunding webpage.

Media speak to: Anne-Lyse Ngatta [email protected]

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