cannabis plants

Cannabis and Credit Unions – Risks and Rewards of Serving Canada’s Newest Emerging Market

November 14, 2017

Cannabis and Credit Unions – Risks and Rewards of Serving Canada’s Newest Emerging Market

2 Minute Read

The emerging cannabis sector is opening opportunities for credit union to partner with what is expected to be a billion-dollar industry.

The cannabis industry is one of the most promising emerging markets in Canada as the country moves towards legalization in 2018. Early estimates predict the sector will generate $1.1-billion by 2020, yet access to institutional debt is almost non-existent.

Credit unions have traditionally created opportunities by working judiciously with underserved industries and groups. The cannabis sector is expected to grow exponentially within the first year of legalization and presents many investment opportunities for credit unions.

As Canada’s cannabis market undergoes a radical transformation, there are opportunities for entrepreneurs to participate in commercial ventures, from supplying, producing, processing and distributing to marketing and selling. By providing financial services to an industry that currently faces stiff challenges in even opening deposit accounts, credit unions can place themselves competitively ahead of more traditional institutions.

However, knowing the risks as well as the rewards of working with the industry will be key to any successful partnership. MNP has one of the country’s most experienced, comprehensive teams dedicated to both the credit union and cannabis sectors, with exceptional experience in the accounting, audit, tax, financial and regulatory issues impacting both industries.

We believe the regulated cannabis sector will be a major driver of the economy and business opportunities and have become a leading business, accounting and tax advisor in the sector. Our team helps entrepreneurs and business leaders address opportunities, risks and uncertainties in this shifting environment, including those related to regulations, licensing, pricing and competition.

MNP’s Credit Union team has a vision to support and strengthen credit union leadership, knowledge and financial position. As such, we are constantly looking for opportunities to help credit unions and the people and industries they support grow and succeed.

For more information, contact Annette Bester, National Credit Union Leader, at 306.664.8327 or [email protected]

Always use the Online HTML Beautifier to compose the content for your website easily.


  • Agility

    May 17, 2022

    The power of putting people first

    For your organization to thrive in a modern and competitive workforce, you may need to shift your mindset and your approach towards employee satisfaction.

  • Agility

    May 13, 2022

    Real estate and construction: Insights from Federal Budget 2022

    The Federal Budget 2022 proposed a number of business and personal tax measures that will impact the real estate and construction sector. Melissa Aveiro, MNP’s Real Estate and Construction tax lead, discusses what the 2022 Federal Budget addressed – and what it did not.

  • Agility

    May 13, 2022

    [Listen] Digital transformation and the path to stronger, safer, and more efficient cities

    Digital Services partner Wendy Gnenz visited Municipal World’s MW Presents Podcast to discuss how technology is shaping the present and future of Canadian municipalities.