This L.A. Startup Could Become the Wells Fargo of Weed

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KIND Financial's CEO, David Dinenberg, at the company's headquarters in HollywoodDan Smarg

KIND Financial’s CEO, David Dinenberg, at the company’s headquarters in Hollywood

When KIND Financial began in 2014, it was supposed to be the Wells Fargo for weed growers and dispensaries.

“I was initially going to be KIND Banking,” CEO David Dinenberg says. “I was going to be the marijuana bank.”

He says the idea struck when he was watching a 60 Minutes segment on marijuana businesses, which mentioned that the industry had no banking, credit cards or financial services. “If you had sneezed or coughed during the 15 seconds that this information was presented, you’d have missed it,” the impeccably dressed Dinenberg says, sitting in an airy conference room of his Hollywood office. Soon thereafter, he began learning about the cannabis industry. “The research evolved into a business plan,” he says. “I gravitate toward a problem and not the story.”

To learn more, read L.A. Weekly‘s full story about KIND Financial.

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