Cash is King, But Credit is Power
Please be aware that cannabis and related laws vary. Programming in this track is designed to inform attendees about this fast-changing industry, and does not promote the use or sale of illegal drugs.
One of the biggest challenges the cannabis industry faces is banking restrictions. Cannabis remains a Schedule I substance, preventing federally chartered banks and credit card companies from providing services. The absence of big financial institutions has led to many challenges: inefficient cash-only operations, limited access to capital, crime, etc. But it has also empowered startups to offer creative and compliant financial services. This session brings together a B2B cannabis marketplace of $1 billion annually, two cannabis brands with growing footprints and millions in cash on hand and a dispensary enabling thousands of transactions — without cash. Learn what deposit, payment and lending strategies businesses are employing and how they are building a legal green banking ecosystem.
Programming descriptions are generated by participants and do not necessarily reflect the opinions of SXSW.
![photo of Doug Gordon](/vite/assets/person-placeholder-edu-fS1N5G6a.png)
Doug Gordon
LeafLink
![photo of Codie Sanchez](/vite/assets/person-placeholder-edu-fS1N5G6a.png)
Codie Sanchez
Entourage Effect Capital
![photo of Adrian Sedlin](/vite/assets/person-placeholder-edu-fS1N5G6a.png)
Adrian Sedlin
Canndescent
![photo of Jamie Warm](/vite/assets/person-placeholder-edu-fS1N5G6a.png)
Jamie Warm
Henry's Original