The latest from Tony Repanich

Sep 2, 2022 - by Tony Repanich, Shield Compliance

Boost your balance sheet with cannabis banking

Booming adult-use cannabis sales during the first few years of the COVID-19 pandemic led some to deem the industry ‘recession-proof.’ While it remains to be seen how inflation and a ...

Jul 22, 2022 - by Tony Repanich, Shield Compliance

You don’t have to like cannabis to bank cannabis

The cannabis industry is known for having passionate supporters, business owners, and customers who proudly advocate for their product and its benefits. So, does that mean you have to be “...

Jul 5, 2022 - by Tony Repanich, Shield Compliance

Stop counting cars at the car wash: Use data to improve compliance outcomes

Even as the legal cannabis market continues to expand and state-level legalization continues to advance, many credit unions are hesitant to develop cannabis banking programs because of the associated risks ...

Jun 1, 2022 - by Tony Repanich, Shield Compliance

4 upsides of cannabis banking

The Federal Reserve Bank recently announced its first interest rate hike since 2018 and financial institutions across the country are turning an eye toward new sources of low-cost deposits. The ...

Mar 23, 2022 - by Tony Repanich, Shield Compliance

Complexity and controversy: A credit union’s guide to 280E

With Tax Day just around the corner, Shield spoke to Neil Rosenfield, a CPA with Baker Tilly, about Section 280E of the Internal Revenue Code – specifically about how it impacts ...

Mar 4, 2022 - by Tony Repanich, Shield Compliance

Create a level playing field with cannabis banking

When the Illinois legislature legalized adult-use cannabis in 2019, state leaders embarked on a campaign to encourage local banks and credit unions to provide banking services to this emerging industry. ...

Feb 1, 2022 - by Tony Repanich, Shield Compliance

Don’t rely on the magic 8 ball for cannabis compliance

Will my credit union pass its compliance exam? Are any of my members at risk of losing their licenses? Am I tracking all of my members’ cannabis transactions? Not only ...

Dec 28, 2021 - by Tony Repanich, Shield Compliance

Cannabis banking in 2022: Four trends to watch

The new year is right around the corner, making it an ideal time to reflect on the past year and anticipate what changes may be ahead for credit unions contemplating ...