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 growing legal cannabis market offers [...]
Thank you for tuning in to episode 33 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
A growing number of banks are banking cannabis businesses. Technology is helping them scale up their efforts and ensure they remain compliant in a regulatory and legal gray area. It also gives them a head [...]
As the director of client success, a chief concern I often hear from credit unions considering banking the cannabis industry is that the compliance requirements are much more intrusive than what they are accustomed to [...]
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 cannabis-related businesses (CRBs) and what [...]
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. Following a meeting with the [...]
Looking at the experience of states that have previously implemented legal adult-use cannabis programs, we can predict fairly well what will happen next: a surge of investment, new businesses, and demand for capital. Growth in [...]
Shield Compliance (www.shieldbanking.com), a compliance management solution for cannabis banking, continues its rapid growth trajectory, achieving more than 220% year-over-year revenue growth in 2021 and more than doubling the number of financial institutions [...]
Shield Compliance, a comprehensive compliance management platform for cannabis banking, announced a partnership with Oklahoma State Bank (OSB) to improve the functionality and scalability of its cannabis banking program. Under the agreement, OSB will implement [...]
Shield Compliance (www.shieldbanking.com) and POSaBIT (www.posabit.com) announced a strategic alliance to provide cannabis-related businesses (CRBs) and financial institutions a complete end-to-end view of compliance to ensure the transparency and traceability of [...]
Shield Compliance (https://www.shieldbanking.com/) announced the appointment of three new hires who will support the ongoing development of the company’s comprehensive AML/BSA compliance management platform for banking legal cannabis-related businesses. “As [...]
Digital payment solution provider Spence Labs and cannabis banking platform provider Shield Compliance announced a partnership to deliver a bank-backed compliant digital payment solution to financial institutions serving cannabis-related businesses (CRBs). Streamlined compliance integration across [...]
Shield Compliance, a comprehensive compliance management platform for banking cannabis-related businesses, announced the appointment of Doug Fieldhouse to its Board of Directors. In this role, Mr. Fieldhouse will advise Shield Compliance as it continues to [...]
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 [...]
