Ahead of the Curve: A Banker's Podcast
Looking for ideas, tips, and best practices to take your financial institution to the next level? Look no further than this podcast featuring insights from banking leaders and advisors across the industry. We’ll tackle a range of topics — technology implementation, loan grading, banking cannabis, and more to ensure you stay ahead of the curve in this fast-changing environment. This podcast is available on all your favorite podcasts platforms. For more information on Abrigo, head to abrigo.com.
Ahead of the Curve: A Banker's Podcast
To Be Blunt: The Ins and Outs of Cannabis Related Banking
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Abrigo
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Season 1
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Episode 3
Lending to and banking cannabis-related businesses is currently a hot topic among banking circles. With laws varying by state and the inherent risks associated with providing these services, many banks and credit unions are weighing whether to participate themselves. Ultimately, each institution will vary in its approach. However, there is no denying that this is a 'budding' industry that deserves serious consideration as a viable way to reach revenue goals.
In this podcast, we discuss:
- The definitions of common terms and the specific laws that go along with them
- Direct vs. indirect cannabis lending and the associated risks
- How this type of lending can be a crucial revenue source for your FI
