Cannabis Banking: Out on a Limb in an Emerging Market
Five years ago, Partner Colorado Credit Union entered an unknown, emerging market after realizing their local communities were in harm’s way with over $1 billion in cannabis related funds circulating throughout Colorado, changing hands over and over due to the unbanked status of the cannabis industry. Today, after being on the bleeding edge, Partner Colorado Credit Union has established Safe Harbor Services as a reliable credit union service provider for cannabis banking across the country. Safe Harbor banks well over a $1 billion annually in cannabis funds. The CEO, Sundie Seefried, personally designed, developed and implemented the program in order to learn and mitigate risks first hand. She will be the first to say, it’s not for everyone, but the reality is the cannabis industry is part of your community and all financial institutions must understand the impact.
Presenter: Sundie Seefried, CEO, Partner Colorado Credit Union & Safe Harbor Services, LLC.
Program Level: Intermediate
Field of Study: Specialized Knowledge and Applications
CPE Credits Available