Cannabis Businesses Seek Expanded Financial Services Amid Federal Policy Shifts
A new survey by Shield Compliance reveals that cannabis businesses are increasingly seeking expanded financial services beyond basic banking, including credit and payment solutions. The findings come as the industry anticipates major changes in federal cannabis policy, particularly rescheduling, which most operators expect to significantly impact their operations. The report highlights a strong demand for operating lines of credit (74%), equipment financing (57%), and real estate loans (55%). However, access remains limited, with only 5% reporting commercial credit as readily available. Businesses also want improved B2B payments, money market accounts, retail payment solutions, and payroll services. Despite financial pressures such as cash flow concerns and regulatory compliance challenges, operators remain optimistic about the industry's future profitability over the next two to three years.
Topics: banking_relations cannabis_industry credit_access federal_policy_changes