Event Calendar

Wednesday, October 21, 2020

Webinar - Banking & Lending to Cannabis Businesses: Clarifying the Confusion & Avoiding Pitfalls

Start Date: 10/21/2020 1:00 PM MDT
End Date: 10/21/2020 2:30 PM MDT

United States 

Although marijuana remains a Schedule I substance federally, 33 states have legalized either medical marijuana, recreational marijuana, or both. This created 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- and hemp-related laws, and map out the landmines. Learn the facts to make an informed decision about whether to serve these businesses.

Attendance certificate provided to self-report CE credits.