Swissx has launched the Swissx Bank of California, an extension of its Swiss-based Bank of Cannabis. "The bank will work in tandem with Swissx’s cooperative farming program, which is based on centuries old agricultural traditions in Switzerland, and on recent experience developing cooperative hemp farms with the Rastafarian community in Antigua," the team with the company explains. "Microloans will help participating farmers with supplies and structures, and even in some cases with land leases and purchases. The Swissx farming program already has 200 acres planted in California, along with thousands in Switzerland, Puerto Rico and Antigua."
“We are leading a sustainable, healthy, revolution right now in California,” said Swissx founder and CEO Alki David. “Our Bank of Cannabis is now helping farmers get in at ground level on the business of the future, across the Caribbean and now in California. As our slogan goes, it’s ‘For the Higher Good.’ And we want to bring our farming brothers and sisters with us.”
Swissx is known for its CBD product line, the first to go mainstream in the U.S (available online at swissx.com). The company’s genetics division is advancing research into hemp and cannabis, and Swissx is breaking ground on a joint project with the University of Antigua for further research. A nearby clinic and resort will offer plant-based and other bio-medicine therapies.
Swissx is now meeting farmers on their own turf by operating at the SoCal region’s best farmers markets, including the famous Malibu Farmers Market. At the markets, Swissx seed and CBD products will be sold and representatives can create bespoke loan plans for farmers on the spot. The Swissx team can also help farmers navigate regional tax incentives and specialized USDA loans.