Redefining Social Equity Lending with Cannas Capital Holdings

An ambitious, honest, and motivated woman in business, Cimone Casson, founder of Cannas Capital Holdings, LLC (Cannas Capital), the parent company for Cannas Capital Insurance Firm (business insurance for cannabis, hospitality, craft-beverage, professional athletes, and healthcare), has started a financial revolution to empower minority-owned businesses with Bank Black.

An AI-operating system that will perform the due diligence for Grants, Loans, and Investing and will incorporate both the advantages and disadvantages of diverse-status business owners. Bank Black by Cannas Capital Holdings, LLC, is a ground-breaking program that produces sustainable minority-owned businesses in burgeoning industries.

Cannas Capital Holdings, LLC focuses on providing practical pathways to aid in shrinking the racial wealth gap by embodying growing initiatives that are impactful and profitable. Their core value is to utilize social economics to create social enterprises that foster social equity.

Continue reading to learn more about Cimone Casson, Cannas Capital, and Bank Black. 

Meet Cimone Casson, Entrepreneur, Creator,  and Strategist 

Born and raised in Muskegon, MI, Cimone’s childhood dream was to become the first Black woman President of the United States. She describes her younger self as a “neighborhood chick/around-the-way girl” who was born into a community of people who saw her light, her gifts, and her motivation, and wanted to see her win. 

Raised to be “a man’s type of woman“, Cimone is a beautiful blend of book and street smarts. She was taught how to be a boss and make money from a legacy market business while she attended college at Western Michigan University and the Art Institute of Chicago, where she studied fashion design.

During that time, Cimone started getting into the stock market through guidance from her mentor, who now serves as a Board Member at Cannas Capital. That interest led Cimone to quit her retail job, and she accepted a position with Fifth Third Bank as a Preferred Banker. 

Not happy with the leadership at the company and looking for direction, Cimone chats with her mentor about looking for another position at a different bank. His response shifts Cimone into Insurance:

“I called him crying, and I told him I was going to go to another bank. And he said, ‘So you’re going to leave one Mr. Charlie and go to another one?’”

She began to build her empire, which was known as Cannas Capital Holdings. Cimone shares insight into the journey: 

“I moved back home to Michigan. I was still reading about stocks and investing, and relationships with money starting with my own. I was reading everything I could get my hands on and I started to develop more interest in the stock market. Around this time I met a McDonald’s executive who turned me on to the Wall Street Journal. He paid me $300 every Friday to read the Wall Street Journal.

I continued to read, learn, and research, and then cannabis became legal. It was mandatory for business owners to get insurance, so I started my insurance agency in my mom’s basement. At the time, only five insurance agencies in the country offered insurance for cannabis businesses. 

I started off the insurance agency with $400. In the first year, I didn’t make a dime, but the following year, I made $120,000, and now my agency is valued at $12.5M. Just the insurance company that doesn’t include the holdings company.“

Cannas Capital Built a Bridge and Named it: Bank Black