Cannabis compliance for banks & financial institutions
Simply put, Parsl automates global compliance reporting for financial institutions. It can simplify compliance reporting, provide greater security and protection for institutions and open up international markets and trade.
By tracking products and financial activity on an item by item basis, Parsl is able to automate state compliance requirements for cannabis businesses and compile compliance reports as the system is used, rather than after the fact.
This in turn, assists financial institutions with their own compliance reporting through simplifying the process and significantly lowering the associated costs.