Get Started in Cannabis Banking
The market opportunity for legal cannabis is flourishing. As a growing number of states supplement medical marijuana programs with recreational/adult-use programs, New Frontier Data estimates that the legal marijuana industry in the U.S. will reach $41.5 billion by 2025.
Build Your Cannabis Program
Building a successful cannabis banking program requires partnerships to provide the industry experience and expertise necessary to navigate a complex and inconsistent regulatory environment.
What You Need to
Bank Cannabis
TOP SIX MUST-HAVES
Here are six critical must-haves for every financial institution in cannabis banking, or considering banking the legal cannabis industry.
What You Need to
Bank Cannabis
Here are six critical must-haves for every financial institution in cannabis banking, or considering banking the legal cannabis industry.
Find a partner with industry experience.
Shield Compliance solutions are powered by the Shield Data Hub, a cloud-based service that aggregates and evaluates transactional data and demographic records with restricted and public information from state and local governments, seed-to-sale tracking data, and client accounting.
Invest in technology specific to cannabis.
Most BSA/AML platforms are built to manage compliance standards but fall short of generating the data and filing tools required to comply with the cannabis regulatory system. Purpose-built solutions allow your financial institution to focus on productivity, creating a competitive advantage.