Complimentary Webinar: Cannabis Banking, Unlocked
May 24, 2023 10:00am - 11:00am
The U.S. cannabis market is poised for substantial growth, with projections from New Frontier Data estimating it to reach $72 billion annually by 2030. This growth is primarily driven by the legalization of adult-use cannabis programs in 21 states, including New York, where total market sales are expected to reach $5.73 billion at an 84% CAGR by 2030, making it the second-largest cannabis market in the country.
While the legal cannabis industry offers significant growth potential, it also poses challenging operational demands and intricate regulations that must be navigated carefully. Fortunately, a playbook exists which can help financial institutions make informed decisions about serving this industry, create a compliant operational structure, and benefit from the financial rewards of this market. As more states pass legalization bills and Congress gets closer to approving cannabis reform legislation, this is a critical time for financial institutions to learn about the market opportunity and take steps to gain a first-mover advantage.
To help credit unions deepen their knowledge of this emerging industry, this webinar will:
- Provide an overview of the cannabis banking market opportunity – from deposits to loans – and how it can fit into a credit union’s long-term growth strategy.
- Educate participants about state and federal cannabis laws, compliance and regulatory requirements, and risk management best practices.
- Demonstrate how harnessing data and technology to reduce costs and improve compliance outcomes can set credit unions up for success in an increasingly competitive environment.
Speaker:
As president and CEO of Shield Compliance, Tony Repanich leads day-to-day operations and serves as the company’s principal product architect. Having served as a senior executive at a Washington state-based community bank for over 20 years, Tony has in-depth knowledge of the banking industry and banking requirements for high-risk industries. Today he brings that knowledge to financial institutions serving and considering serving the legal cannabis industry.
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