The Challenges and Triumphs in Cannabis Banking Evolution

Today's guest Steve Bosack, President and CEO of Guardians Credit Union, takes us through the unique structure of credit unions, which allows for traditional banking products that do not hike up prices to turn a profit, unlike traditional banks. As the CEO of a Credit Union that facilitates everything from armored car services to financial advisory services to the Cannabis Industry, Bosack champions the delicate balance between federal compliance and dedicated services that define his organization's approach to providing solutions to the cannabis industry. 

Today Steve, alongside his colleagues Kim Romanelli and Jasper Boone, delve into the intertwining worlds of banking, credit unions, and the burgeoning cannabis industry. This comprehensive discussion explores the innovative solutions and challenges that financial institutions like Guardians Credit Union face while serving cannabis-related businesses. With Bosack’s insights, we discover the potential of credit unions in revolutionizing financial services for underbanked sectors.