Tony Repanich, president and chief operating officer of Shield Compliance, joins Tom Bengtson, president of NFR Communications and publisher of BankBeat magazine and BankBeat.biz, for an interview about the challenges and opportunities of banking [...]
As Jon Baugher, co-founder and Chief Revenue Officer at payments infrastructure provider POSaBIT puts it, "nobody likes to handle large volumes of cash. It's not safe, it's not hygienic, and it's not transparent." To address [...]
Cannabis banking can offer many valuable financial benefits for credit unions choosing to serve the industry. However, implementing a well-managed, compliant cannabis banking program requires considerable planning and an understanding of all potential areas of [...]
The conventional wisdom was that Democrats' 2020 electoral victories could overcome GOP objections to a pot banking bill, clearing its path to enactment. But now in control of both chambers of Congress, Democrats have unveiled [...]
With the growth of legal medical and recreational cannabis programs across the U.S., a well-developed playbook has emerged which can help financial institutions bank the cannabis industry more efficiently and effectively. A key component [...]
We recently sat down with Cole Saini, Director of Risk Management at California-based KeyPoint Credit Union, to talk about how regulated financial institutions can provide reliable and cost-effective cannabis banking programs, and what cannabis-related businesses ([...]
When Colorado became the first state to legalize recreational marijuana in 2012, the plant was (and continues to be) illegal at the federal level. Yet several Colorado banks jumped in, quickly opening accounts. Many of [...]
As I speak with bankers across the country who are considering launching cannabis banking programs, I am often asked about BSA/AML risk. Specifically, bankers want to know if they will still need to implement [...]
Thank you for tuning in to episode 5 of The CUInsight Network, with your host, Randy Smith, co-founder of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought leaders who [...]
With the growth of legal medical and recreational cannabis programs across the U.S., a well-developed playbook has emerged which can help credit unions bank the cannabis industry more efficiently and effectively. A key component [...]
If you are wondering if or when to have the conversation about cannabis banking with your board, wonder no more. The time is “now,” says Ruth Razook, the founder and CEO of RLR Management Consulting. [...]
I get more than a few strange looks from my former banking colleagues when they find out I now help financial institutions get into cannabis banking. Many still view it as too risky, and the [...]
As new states pass cannabis legalization bills in increasingly rapid succession, credit unions must take steps to ensure they are adhering to the regulatory compliance requirements for this industry. Whether you have a cannabis banking [...]
Ongoing momentum for state and federal legalization, coupled with the economic impacts of the coronavirus pandemic, are reshaping how many credit unions are thinking about the cannabis industry. While it is unclear when the cannabis [...]
CUInsight Publisher & CEO Lauren Culp is joined by Tony Repanich, President & COO of Shield Compliance for a quick interview with just 3 questions: (0:30) What are some of the biggest misconceptions credit [...]
