Legal cannabis could be poised for growth in the years ahead, driven by industry consolidation, new markets and potential tax reform. While some banks have become comfortable meeting the deposit needs of these businesses, their lending needs are largely provided by private lenders that offer equipment financing and working lines of capital, says Tony Repanich, president and CEO of Shield Compliance. By leveraging customer data and asking for greater borrower equity, banks could step into this niche.
Topics discussed include:
Financing the Cannabis Supply Chain
Leveraging Data to Mitigate Credit Risk
Industry Growth Drivers