What Canadian cannabis retailers need to know about banking

2 mins read

On November 24, 2021, Business of Cannabis hosted our monthly Retail Series event presented by Vetrina Group. The event was made possible with the generous support from Alterna Savings, Merrco Payments and Brink’s Canada. The program featured expert insights and conversations talking about the key considerations that cannabis retailers in Canada need to think about when it comes to banking.

Key conversation and presentations from the program include:

Welcome from Business of Cannabis

Jay Rosenthal, co-founder of Business of Cannabis provided a welcome to attendees and provided an overview of the program.

Insights from the Field + Readying for Holiday Shopping

Krista Raymer from Vetrina Group joined Jay Rosenthal from Business of Cannabis to talk about two important – and timely – issues. First, the importance of identifying banking partners to streamline and simplify operations for cannabis retailers, and second, how retailers should be thinking about preparation for the holiday shopping season.

Banking Considerations for Cannabis Retailers

In roundtable conversation, Joe Camasta from Alterna Savings, Shakir Tayabali from Merrco Payments and Ana Prakash from Brink’s Canada joined Jay Rosenthal from Business of Cannabis for a panel conversation to dive deep into the key considerations for cannabis retailers when it comes to banking. The conversation ranges from how to open a bank account as a cannabis retailer to how to handle credit card payments and cash management.

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