Cannabis Banking Risk Decisions

EPCOR's Did You Know video series covering payments changes and updates as well as helpful tips, tricks and things to keep in mind.
Did you know… the cannabis industry is growing exponentially as an increasing number of states legalize its use to various degrees? Sales are estimated to exceed $30 billion in 2022, prompting some financial institutions to transform their traditional methods to avoid losing high-worth clients while capitalizing on the growing revenue opportunities.
The challenge at hand? How do banks and credit unions comply with conflicting legal requirements? Particularly when some players like Visa and Mastercard have barred their networks from being used to support cannabis-related payments.
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