Four Trends to Watch in 2021

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 banking floodgates will eventually burst open, credit unions that prepare to serve this industry now will be in a stronger position to weather the inevitable changes to the competitive landscape. Here are some of the industry drivers we are watching that will impact the cannabis industry in the new year and the years ahead.

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Shield's purpose built compliance platform manages the risk, compliance and operational demands associated with banking in the legalized cannabis industry. With Shield's transactional and operational transparency tools, compliance officers are notified of non-compliant activity quickly. 

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