Sundie Seefried On Credit Cards And Federal Legalization

We’ve talked with several industry leaders in cannabis about the kind of impact changing scheduling or the SAFER banking act could have for businesses. On today’s episode of The Dales Report, we’ll talk with someone directly in cannabis banking. We have the pleasure of speaking with the CEO of Safe Harbor Financial, Sundie Seefried, about federal legalization is so important to cannabis.

Sundie Seefried is an expert and respected voice in banking. You’ll get to know a little bit about why she decided to create Safe Harbor, and the niche that the cannabis industry so badly needed.

From there, Shadd Dales, Anthony Varrell and Sundie get into a deep discussion about the landscape of banking and compliance. Washington has been teasing rescheduling cannabis, and the possible move forward with the SAFER banking act. We have high hopes that SAFER banking will finally happen in 2024 – this move will enable a lot of lending support.

However, even if SAFER and rescheduling should happen, these two moves aren’t enough. Why? We start with an examination of why federal legalization is so necessary: without legalization, there may be no credit card participation. Major credit card participation lays the groundwork for exploration of industry evolution.

What does being compliant in the industry mean? We talk about building compliant banking businesses and the challenges posed by regulations that vary from state to state. The ramifications of industry rescheduling on lending and investment are pulled apart during the conversation as we examine the potential implications for the future market landscape.

We also spotlight the pivotal role of FinTech in shaping banking and lending growth. There’s value in collaboration between large banks and small credit unions, as well as the advantages of partnering with FinTech companies, and we’ll take a closer look.

You’re in for a treat with this conversation with Sundie Seefried, a true thought-leader in the cannabis banking space.

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