Shield Compliance (https://www.shieldbanking.com/), a comprehensive compliance management platform for banking legal cannabis-related businesses, announced the expansion of its sales team with the addition of Richard H. Drennen as Business Development Officer. The appointment comes on the heels of legislative victories for the cannabis industry in five states and growing demand for cannabis banking services across the country.
Drennen is a seasoned executive with decades of business development experience in a variety of industries. As the former Director of Administration and Chief Operating Officer of one of the country’s largest vertically integrated CBD manufacturers, Drennen was responsible for leading banking strategy for the company throughout Kentucky, along with overseeing business operations.
“Access to banking is one of the biggest obstacles for cannabis-related businesses today,” said Drennen. “Shield plays a critical role bringing compliant cannabis banking to the market, and I am excited to help expand the company’s footprint and bring its best-in-class solution to financial institutions in the 35 states where cannabis is legal today.”
“Richard is an integral part of our talented sales team which is focused on developing new relationships with financial institutions serving, and considering serving, the legal cannabis industry,” said Tony Repanich, President and Chief Operating Officer of Shield Compliance. “Richard brings terrific energy and enthusiasm to our market-leading value proposition, and the timing of his arrival complements key state-level legislative developments that continue to expand our addressable market.”
Richard H. Drennen