Remove Cannabis Banking Remove Continuity Remove Underserved
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The Complicated Picture Of Banking Cannabis SMBs

PYMNTS

In previous years, Beuerlein said, financial institutions (FIs) weren’t interested in exploring how they could work with RegTechs like Hypur and other third-party players to step into the cannabis banking sector. Cash continues to play a vital role in the space, however, even with rising bankability. High-Risk Reputation.

Legal 78
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Credit Union Helps US Marijuana Businesses Put Down Roots

PYMNTS

I think the credit union industry plays a very vital role in serving the underserved,” Sbrega said. So, when we started talking to our board of directors about entering the cannabis banking space, we really looked to our mission statement.”. This forces many operations to continue using cash.