How Risky is Cannabis Banking?


As the cannabis industry continues to grow, we are beginning to see more and more financial institutions contemplating the idea of offering financial services to cannabis-related businesses. One of the most frequently asked questions by financial institutions is “how risky is it to bank these customers?” We will take a deep dive into the world of cannabis as we weed through the regulatory and legal risks associated with cannabis banking. We discuss the importance of risk tolerance and some of the critical factors which should be addressed when developing a program to provide financial services to businesses engaged in the cannabis industry.

Julia Gutierrez
Compliance Officer
Compliance Alliance