Cannabis banking – balancing risk and opportunity
In this episode, host Greg Palmer dives into the complexities and opportunities of cannabis banking with guests Stacy Litke, VP of Banking Services at Green Check, and Megan Bennett, Manager of Marijuana Related Business at Wright-Patt Credit Union. The discussion begins with an overview of the challenges financial institutions face when engaging with cannabis-related businesses, particularly the disconnect between federal and state laws.
While cannabis is legal in many states, it remains federally illegal, creating significant compliance and operational hurdles for financial institutions…
The skinny
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