Cannabis Banking: Myths and Truths

A growing number of states have chosen to decriminalize or legalize cannabis in recent years. As a result, the legal cannabis industry has experienced exponential growth. Yet banks and other financial institutions are still largely reluctant to partner with cannabis firms due to the lingering conflict between state and federal law. Join us in a conversation with American Banker’s Kevin Wack and Shield Compliance’s President and COO, Tony Repanich on the opportunity for financial institutions to serve this industry today, how financial institutions can navigate the regulatory, compliance, and operational challenges facing this sector, and steps the Biden Administration may take to improve the environment for banking this industry.