Changes to the Cannabis Banking Industry and Expectations for 2022
It is time to reflect and discuss the current state of cannabis banking and gaze into our crystal ball to see what lies ahead for the industry in 2022. (Rec. 10/15/21)
Recorded: October 15, 2021
While cannabis in its many forms is quickly becoming a commodity, cannabis banking and its continued illusiveness is a favorite topic for politicians and news media alike!
The cannabis industry understands that while change is inevitable, the need for acceptance and consistent bank services has never been greater. Many financial institutions desire regulations for the needed clarity to work with the additional risk attributed to cannabis-related businesses while other FIs are now expanding out their programs to include lending! SAFE Banking Act continues to be a focus in Washington with ongoing attempts to attach it to other legislation to get it finally passed.
It is time to reflect and discuss the current state of cannabis banking and gaze into our crystal ball to see what lies ahead for the industry in 2022.
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