Banking on Cannabis: Risks, Rewards & Regulations

As the cannabis industry grows, community financial institutions face a pivotal decision — should they step into the Marijuana-Related Banking (MRB) space? In this episode, we explore the evolving landscape of MRB, breaking down the risks, rewards, and regulatory complexities of taking on cannabis-related business customers. Join us as we dive into the conversations CFIs are having with regulators about MRB, the potential impact of legislative changes like the SAFE Banking Act, and real-world insights from financial institutions already offering MRB services. We’ll also discuss reputation management, compliance strategies, and what it takes to run a successful MRB program. If your institution is weighing the pros and cons of MRB, this episode will give you the knowledge you need to make an informed decision about this rapidly evolving sector. Resources: The Shield Compliance Cannabis Banking Playbook GUESTS: Tony Repanich President and CEO Shield Compliance shieldbanking.com Aviva Lipkin SVP, BSA/AML & OFAC Officer Risk Department PCBB pcbb.com