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ATLANTA , Oct. 8, 2020 /PRNewswire/ — Greenwood has secured $3 million in seed funding from private investors as the first digital banking platform for Black and Latinx people and business owners. Greenwood features best-in-class online banking services and innovative ways of giving back to Black and Latinx causes and businesses.

Greenwood has three key avenues to support Black and Latinx causes and businesses:

"The work that we did in the civil rights movement wasn’t just about being able to sit at the counter. It was also about being able to own the restaurant," said Ambassador Andrew Young . "We have the skills, talent and energy to compete anywhere in the world, but to grow the economy, it has to be based on the spirit of the universe and not the greed of the universe. Killer Mike, Ryan and I are launching Greenwood to continue this work of empowering black and brown people to have economic opportunity."

Greenwood’s initial products are savings and spending accounts that come with a stunningly designed black metal debit card for customers who sign up by the end of the year. Advanced features like Apple, Samsung, and Android pay, virtual debit cards, peer-to-peer transfers, mobile check deposits, and free ATM usage in over 30,000 locations are offered with no hidden fees. Customers who invite their friends to open accounts receive cash awards as a thank you from Greenwood. All deposits are FDIC insured by a partner bank.

"Today, a dollar circulates for 20 days in the white community but only six hours in the Black community," said Michael ‘Killer Mike’ Render. "Moreover, a Black person is twice as likely as a white person to be denied a mortgage. This lack of fairness in the financial system is why we created Greenwood."

Because cannabis is not legal in all 50 states, shipping laws, as well as legality status, can vary. However, most cannabis seed banks will ship to the USA, claiming that their seeds are for research or collectible purposes only.

Naturally, feminized plants are typically the choice of the beginner who doesn’t have a lot of space or freedom to grow whatever they want.

The company sells feminized and auto-flower seeds, which have the highest rate of success, even if you’re not an expert grower. ILGM offers best-sellers of high THC strains or high CBD strains, seeds for beginners, grow kits, MJ fertilizer, and seed variety packs.

Is Buying Marijuana Seeds Legal?

ILGM impressed us this time around for their strong guarantees and the highest quality of seeds overall, even when compared to some world-class competition. And yes, it helped tremendously that they’re based in California and understand the complexity of US cannabis laws.

Even better are some of the sweet deals: free shipping over $200, free cannabis seeds when ordering over $150, and always shipment within 24 hours. With a germination guarantee, they’re the safest neighbor to the US when ordering your next round.

Attitude Seed advertises itself as the largest online cannabis store, and it is a nice play to mix and match seeds, buy popular brands, and get some handy deals like “UFO discounts,” meaning you get loads of free cannabis seeds if you spend a moderate amount of change.

Herbies Seeds may look like a simple store, but it’s got a great pitch: free gifts every time you purchase cannabis seeds, as well as bonus seeds for every 20 Euros spent. They also offer a sliding scale discount of 5, 10, or 15 percent off depending on how much you spend – 100, 200, or 400 EUR.

According to Crunchbase data, the company has raised $5.2 million in known venture funding from a pretty hefty set of investors. The company’s stakeholders include institutional investors at Y Combinator, CrunchFund, 8VC, SV Angel, and General Catalyst. Individual and angel investors include Founders Fund partner Cyan Banister, Scott Banister, Box founder Aaron Levie, Nuzzel founder Jonathan Abrams, and YC partners Paul Graham, Paul Bucheit, Michael Siebel, and Dalton Caldwell, among other investors publicly disclosed by the firm.

The company continued, “While we ultimately weren’t able to create a sustainable alternative to the big banks, we’re glad that we tried.” The email said that all user accounts must be closed by the end of November, and that all accounts with remaining balances will be closed and the company will send a check to the account-holder with the remaining balance.

On Wednesday, San Francisco-based Seed, a venture-backed online banking platform for freelancers and small business owners, sent an email to its users announcing it will be winding down its customer-facing service.

Originally founded in 2014, the company went through Y Combinator’s accelerator program in the winter 2015 batch. Its largest venture round, some $5 million led by General Catalyst, was announced in October 2015.

In response to inquiries from Crunchbase News, Seed co-founder Brian Merritt said that “We’re not shutting the company down,” though he said Seed will be “shutting down our direct offering” and has notified its existing users of the impending change. “Going forward we are focused on software licensing and services for banks and non-banks,” Merritt told Crunchbase News.

In its email to users, the company said that “Seed is shutting down. We’ve done everything we could to avoid this situation, but we must close all customer accounts over the coming weeks. Needless to say, we’re heartbroken, and especially regret the impact this will have on our customers, because our whole mission was to make things a little easier for each of you.”

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