Cannas Capital Holdings launches the Bank Black Initiative, an AI-powered system to bridge the racial wealth gap by ensuring equitable financial access for diverse-status business owners.

Cannas Capital Holdings is proud to announce the launch of its groundbreaking Bank Black Initiative, an AI operating system that will perform underwriting solutions developed with unique metric criteria that consider the disadvantages and advantages of offering provisions for diverse business owners to develop social enterprises in our communities. This innovative approach is designed to shrink the racial wealth gap and aid in social equity programs failed attempts. Central to this initiative is the development of an AI-operating system that performs comprehensive due diligence for grants, loans, and investments, specifically tailored to recognize and incorporate the unique challenges and opportunities faced by diverse-status business owners.

The AI-operating system developed by Cannas Capital Holdings goes beyond traditional underwriting metrics. While it considers essential factors such as management team, payment history, and collateral support, it also integrates additional critical components including:

• Community & Demographic Analysis
• Social Capital Assessment
• Institutional Support
• Risk Mitigation Strategies
• Long-Term Sustainability
• Regulatory Compliance
• Continuous Monitoring

This holistic approach ensures that the full spectrum of a business’s context and potential is evaluated, promoting fair and equitable access to financial resources.

Cannas Capital Holdings is the parent company of Cannas Capital Insurance Firm, an InsurTech that focuses on revolutionizing the insurance industry by leveraging cutting-edge technology to offer comprehensive coverage to Commercial Cannabis, Craft-Beverage, Hospitality, and Professional Athletes. Cannas Capital Funds, a premier business credit-building company recognized for our unwavering commitment to empowering small and medium-sized enterprises.

Cannas Capital is committed to providing practical pathways to reduce the racial wealth gap. The company’s core mission is to leverage social economics to create social enterprises that foster social equity. The vision is to create a world where equitable economic opportunities and sustainable development empower all individuals and communities to thrive, fostering social justice and prosperity for future generations.

Cannas Capital Holdings offers a range of programs and services aimed at economic empowerment, including financial literacy programs, business credit building, and small business development. The organization also facilitates access to capital by creating a network of lenders, establishing underwriting metrics for stakeholders, and providing financial literacy training.

Cannas Capital Holdings has a proven track record of success in social equity initiatives. Notable achievements include the creation of two of Michigan’s current Social Equity Programs, the Joint Ventures and All-Star Program, and the approval of the first Social Equity Awardee Dispensary in a local municipality. The organization also established a Social Equity Discount program for commercial cannabis businesses nationwide.

Collaborations with organizations such as Minorities 4 Medical Marijuana, the National Cannabis Industry Association, the Minority Cannabis Business Association, and the National Small Business Association have been instrumental in supporting Cannas Capital Holdings’ mission.

“The Cannas Capital Collective has provided us with the tools and knowledge to build a strong business by aiding my company in obtaining consumer lending, risk management, and establishing a business credit profile,” said Charles Inyang.

“Their commitment to helping Cannabis Companies gain funding in an economic environment that limits funding opportunities has been groundbreaking. We’ve seen significant improvements in our local economy,” stated Minorities 4 Medical Marijuana.

About Cannas Capital Holdings

Founded in 2023, Cannas Capital has rapidly grown from a small business league to a national nonprofit, impacting over 5,000 lives annually through various programs and initiatives and writing over 400 Insurance Policies in the Commercial Cannabis Industry. The organization focuses on four key pillars: Social Equity, Social Economics, Social Entrepreneurship, and Social Enterprise.

For more information about the Bank Black Initiative or to learn about Cannas Capital Holdings’ range of programs and services, please visit our website.