(Workshop Presentation) Legal & Regulatory & Compliance for Banking, Payment Processing & Cash Management for cannabis merchants in the new ecosystem.
- Traditional banks and payment’s companies in Canada are reluctant to embrace the cannabis industry, what legal and regulatory issues does industry need to address to gain access to banking;
- What does the payments landscape look like for the cannabis industry now, where it is heading as legalization for recreational use becomes a reality;
- Why is the cannabis industry viewed as ‘high-risk’, what steps does it need to take to ensure it is fully compliant with the payments system rules;
- When ‘Fintech’ is described as revolutionizing payments – Cannabis was once a ‘cash-only’ industry and now struggles to gain acceptance from the payments space, what is the disconnect and how does the marijuana space navigate this unfamiliar territory and gain acceptance in the financial services world?