Remove Cannabis Banking Remove Facilitators Remove Regulatory Compliance
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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. “That appetite was not there in the beginning.” “These institutions are few and far between.”

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Risk’s All Around When Banks Service Cannabis

PYMNTS

The conundrum of cannabis banking in the U.S. But the cannabis market that struggles to access banking services is not limited to small dispensary storefronts (although they are undoubtedly affected by such legal hurdles). According to Lang, traditional FIs cannot meet this regulatory compliance and reporting need.

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