What does it take to keep a multi-state cannabis operator financially stable when regulations shift, banks exit overnight, and margins stay under pressure?
In this episode of Banking on Cannabis, Safe Harbor Financial CEO Terry Mendez sits down with Julius Ivancstis, CFO of Parallel, for a candid conversation about running finance inside one of the industry’s most challenging environments.
Julius shares lessons from restructuring, budgeting amid uncertainty, navigating sudden bank exits, and why cost discipline, automation, and focus matter more than scale.
From Florida and Texas to Massachusetts, this episode breaks down how real operators are making tough decisions to survive, and position themselves for long-term growth.
Topics include:
- Managing cash and costs in a volatile cannabis market
- What happens when your bank exits the industry overnight
- Why automation and shared services matter more than headcount
- Hemp uncertainty, Texas expansion, and market prioritization
- 280E, tax overhangs, and why investors stay cautious
Hosted by Terry Mendez, CEO of Safe Harbor Financial
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