Cannabis Banking: Hemp, MRBs & CBD Business Update
April 18, 2023
Live Webinar
DateApr 18, 2023Duration90 minutes
08:00 AM PDT09:00 AM MDT
10:00 AM CDT11:00 AM EDT
- Unlimited connections for your institution
- Available on desktop, mobile & tablet
- Take-away toolkit
- Presenter’s contact info for questions
On-Demand Webinar
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
The cannabis industry is flourishing.
Banking
these thriving businesses could be good for your institution, but are there
remaining questions or concerns? This
webinar will take the stigma out of banking cannabis-related businesses. It will provide best practices and sample
policy to enable you to prepare your own policies and procedures.
AFTER
THIS WEBINAR YOU’LL BE ABLE TO:
- Differentiate marijuana-related, hemp-related, and CBD businesses
- Explain federal regulations to your board and management team to support their decisions about banking cannabis-related businesses
- Understand FinCEN’s guidance for conducting due diligence for cannabis-related businesses
- Ask the right questions at account opening to avoid “discovering” a cannabis business after the fact
- Update your BSA compliance program, including risk assessment, monitoring procedures, and training
- Address concerns lenders have regarding the unique nature of collateral for cannabis-related businesses
WEBINAR DETAILS
Although marijuana remains a Schedule I substance
federally, 39 states have now legalized either medical marijuana, recreational
marijuana, or both – and even more states are poised to pass legislation. This has opened an entirely new, booming
industry, packed with businesses who need deposit accounts, loans, and other
financial products.
Could a cannabis business open an account or borrow
from your financial institution? Or does
confusion remain regarding the difference between marijuana- and hemp-related
laws? Where do you start? What are the risks? What due diligence is required? What about all the cash transactions, CTRs,
and SARs? What reporting is expected? This
timely session will address these questions, differentiate between
marijuana-related and hemp-related laws, and map out the landmines. Learn the facts so you can make an informed
decision about whether to serve these businesses.
WHO SHOULD ATTEND?
This informative session
is designed for branch managers, loan managers, BSA officers, compliance
officers, and senior management.
TAKE-AWAY TOOLKIT
- Sample policy for banking cannabis-related businesses
- Sample due diligence worksheets
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
Brode Consulting Services Inc
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