Banking on Green: Navigating Finance for Cannabis Businesses

Affinity Federal Credit Union presents the Wellbeing and Your Wallet podcast! In this episode, expert hosts Shawn Lubitz and Grant Gallagher are joined by Zach Wright, Affinity’s Cannabis Banking Manager, for a conversation surrounding cannabis business banking. 

Key discussion topics include: the banking challenges cannabis businesses face, the role of financial institutions in supporting this sector, the importance of compliance and public perception, and how Affinity is helping these businesses thrive in New Jersey and beyond.

Following the main discussion, the team shares their response to a question from the member mailbag. Grant pulls the following submission: I'm turning 65 next year and as retirement gets closer, I'm realizing I might not be as financially prepared as I thought. I love the idea of finally retiring fully, but with all the economic uncertainty, I’m scared I might run out of money if I stop working completely. Would it be smarter to find a part-time job to ease into retirement, or am I just letting financial anxiety get the best of me?

Finally, Grant concludes the discussion by highlighting Affinity’s Business Services. Affinity has a range of services designed to support small businesses, including affordable banking solutions, merchant services for easier business management, and a business credit card with low rates and rewards.

Just a reminder if you have a question or comment for a future Member Mailbag segment, please email them to us @membermailbag@affinityfcu.com.

Rate, like, and subscribe for more from the Wellbeing and Your Wallet podcast. Visit www.affinityfcu.com for additional information about financial wellbeing and Affinity products.

Thanks for listening and be well.