Ep.257: Mac Jones, Colorado Bank & Trust

A lifelong regional banker, Mac Jones joins us and notes that the banking industry is a completely different animal than it was just a short time ago. He shares that two things have happened in tandem- there has been an increase in regulations on banks while bankers have come to have less of a relationship with depositors and merchants. All the while, there’s no longer true accountability in the industry. That said, Mac’s always kept that relationship with the merchant and so when legal cannabis arrived in Colorado, with an understanding of the Cole Memo’s, Mac saw no difference in cannabis merchants and provided traditional banking relationships in the industry- providing structural support for the industry. And there’s much much more.