2021 Cannabis Update:

Legalization, Banking Issues & More

(90-minute webinar – recording also available)

Monday, April 26, 2021

This is a morning webinar

8:00 AM Pacific        9:00 AM Mountain

10:00 AM Central     11:00 AM Eastern

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? 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Define direct MRBs versus indirect MRBs
• Discuss risk-based approaches to due diligence, monitoring, and reporting
• Understand the requirements set forth in FinCEN guidance
• Distinguish between MRBs and legalized industrial hemp-related businesses
• Discover best practices for providing specific banking products and services to this industry
• Utilize provided tools to support your due diligence process

WEBINAR DETAILS

Although marijuana remains a Schedule I substance federally, as of November 2020, 34 states have legalized either medical marijuana, recreational marijuana, or both.  This has created an entirely new, booming industry, packed with businesses who need deposit accounts, loans, and other financial products. 

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?  In this session we will address these questions, differentiate between marijuana-related and hemp-related laws, and map out the landmines.  Let’s learn the facts so you can make an informed decision about whether to serve these businesses.

WHO SHOULD ATTEND?

This informative session is perfect for branch managers, loan managers, BSA officers, compliance officers, and senior management.  

TAKE-AWAY TOOLKIT

• Red flags for marijuana-related businesses
• Industrial hemp/CBD Enhanced Due Diligence worksheet
• Sample Banking Marijuana-Related Businesses Policy
• Employee training log
• Interactive quiz 

DON’T MISS THESE RELATED WEBINARS!

Banking & Lending to Cannabis Businesses:

Clarifying the Confusion & Avoiding Pitfalls

on Wednesday, October 21, 2020

Ag Lending Compliance, Including Industrial Hemp

on Wednesday, September 23, 2020

    MEET THE PRESENTER - Dawn Kincaid, Brode Consulting Services, Inc.

Dawn Kincaid began her banking career while attending The Ohio State University.  She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance.  Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services.  Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer.  She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.

THREE REGISTRATION OPTIONS – WHAT YOU GET

1. Live Webinar Includes

• Unlimited connections within your institution to the Live Webinar
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Presenter’s contact info for follow-up 

2. Recorded Webinar Includes

• Recording of the Live Webinar
• Available two business days following Live date
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Free Digital Download, yours to keep
• Share link with anyone at your institution
• Presenter’s contact info for follow-up

3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE