New Jersey’s adult-use cannabis market has grown rapidly since it launched in April 2022, generating nearly $1 billion in sales in 2024. For bankers, this presents a valuable opportunity to drive growth through low-cost deposits, lending, and non-interest income. At the same time, serving licensed cannabis operators requires strict compliance with complex regulations.

Shield Compliance: A Leader in Cannabis Banking

Shield Compliance transforms how financial institutions serve the legal cannabis market. Its purpose-built BSA/AML compliance management software solution sits behind the financial institution to simplify compliance, automate processes across multiple data sources, create efficiencies, unlock new revenue, and scale operations. With real-time monitoring and comprehensive reporting capabilities, Shield Compliance sets the standard for compliance excellence in cannabis banking.

Since its inception, Shield has partnered with more than 70 financial institutions and monitored 17 million transactions, including $65 billion in deposit volume.

Learn More About Shield Compliance

Visit their website: shieldbanking.com

Email Richard Drennen: Richard@shieldbanking.com

Follow their LinkedIn: linkedin.com/company/shield-compliance

Get the Cannabis Banking Playbook

To serve the cannabis industry, bankers must begin with a well-defined plan. This includes ensuring the right policies, procedures, technology, and trained staff are in place. A clear understanding of the requirements for serving licensed cannabis businesses while effectively managing risk enables financial institutions to operate compliantly and efficiently.

Shield’s Cannabis Banking Playbook defines a path forward for financial institutions to serve licensed cannabis-related businesses compliantly while benefiting from the financial rewards of this market.

Download the Cannabis Banking Playbook today.

Meet Shield Compliance at NJBankers
Cannabis Banking Conference on May 8

Shield Compliance’s President and CEO Tony Repanich will present the session "Cannabis Banking in New Jersey: Progress and Potential." Attendees will gain a comprehensive understanding of the economics of cannabis banking and how it can support the growth of their financial institutions. Emceeing the conference will be Shield Compliance's Business Development Officer Richard Drennen.

To learn more about the conference and register, click here.

Looking for a quality service provider to support your business needs? Please reach out to Jenn Zorn, at jzorn@njbankers.com or 908-324-4024 to learn more about our Associate Members and Endorsed Providers.