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Shield Compliance and POSaBIT Bring Compliant Cannabis Banking and Payments to the Industry

Cannabis Law Report

The alliance showcases the strengths of both organizations: Shield Compliance offers a purpose-built AML/BSA compliance management software solution that enables financial institutions to unlock new revenue and scale cannabis banking operations. POSaBIT puts compliance at the center of everything it does.

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Southwest Capital Bank Strengthens Its Commitment to Cannabis Businesses with NatureTrak’s State-of-the-Art Compliance & Risk Management Technology

Cannabis Law Report

.–(BUSINESS WIRE)– #cannabisbanking –NatureTrak, the leading compliance and risk management solution for financial institutions serving the cannabis industry, today announces its newest customer, Southwest Capital Bank.

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Northern Redwood Federal Credit Union Shifts Compliance & Risk Management Capabilities to NatureTrak

Cannabis Law Report

.–(BUSINESS WIRE)– #cannabisbanking — NatureTrak , the leading compliance and risk management solution for financial institutions serving the cannabis industry, today announces its newest customer, Northern Redwood Federal Credit Union. To learn more about NatureTrak, visit www.naturetrak.com. About NatureTrak.

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What Do Banks Require for CBD Websites?

Cannabis Law Report

While these products are no longer illegal (notably a different definition than “legal”), most banks have been hesitant to jump in, citing the lack of framework from the compound’s new agencies of oversight: the USDA and the FDA. As a result, banks often require a website that sells CBD to meet several criteria to satisfy their guidelines.

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Cannacurio Podcast Episode 33 with Tony Repanich of Shield Compliance

SpeedWeed

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. I spent 25 years in community banking and I loved it. Welcome, Tony.

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IRC § 280E is a Target for Cannabis Legal Reform in 2023

Canna Law Blog

After many attempts to get the SAFE Banking Ac t through Congress, I can say that the industry feels a little defeated on the federal front. Dems had two years of control to get the SAFE Banking Act passed and politics basically kept it from going through. Hence, SAFE Banking made a lot of sense. Even if Rep.

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American Banker Article: BankThink A tech solution to the pot banking problem

Cannabis Law Report

Many legal cannabis suppliers and retailers are being forced to operate in a cash-intensive market due to federal laws that limit access to traditional banking. And this is particularly concerning for the legal cannabis market that’s expanding to $12 billion in sales this year, with projections to reach $30 billion in four years.

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