Banking the Cannabis Industry - On Demand Virtual Program

Weeding Through the Risks of Banking the Cannabis Industry - 1 hr recording
Presented by industry experts from Abrigo. With Kentucky’s recent legalization of medical marijuana, banks and credit unions with locations or operations in Kentucky have concerns around banking cannabis-related businesses. In this session, we will discuss the risks involved in knowingly and unknowingly banking cannabis-related businesses as well as how to mitigate those risks. We will introduce key terms to help aid in understanding, discuss how to identify CRB accounts, review red flags to watch out for and deep dive into specific topics such as CRB SAR statistics, BSA/AML risk assessments, BSA/AML policy and procedures and more.

The Fundamentals of Cannabis Banking - 1 hr recording
Presented by subject matter experts from Green Check Verified. This one-hour presentation is designed to equip Kentucky banking professionals with the essential knowledge they need to engage with the state’s legal cannabis industry safely, efficiently, and profitability.
  • Essential terminology: cannabis/marijuana/hemp, THC/CBD
  • The cannabis market opportunity in the US
  • The cannabis market opportunity in Kentucky
  • Defining cannabis businesses and identifying their needs
  • The potential effect of rescheduling marijuana on financial institutions
  • FinCEN’s 2014 marijuana banking guidance: what you need to know
  • Locating and onboarding cannabis businesses
  • Ongoing monitoring and working with your examiner
When
7/31/2024 10:00 AM - 12/31/2024
Eastern Daylight Time
Where
Virtual
Registration
Online registration not available.

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About the Speaker(s)



Paul Dunford
Green Check Verified

Paul Dunford is Co-founder and VP of Knowledge at Green Check Verified. Paul has extensive experience leading digital transformation initiatives predominantly in the healthcare and retail verticals. Previously he was retained by a Fortune 100 insurance company to design and implement a sophisticated solution for managing their field sales teams. At Green Check, Paul leads the compliance team that designs cannabis banking programs for financial institutions. Paul is an active member of the cannabis banking regulatory community, contributing to trade publications and speaking virtually and in person across the country on the subject.


Education Alliance Cancellation Policy
 Substitutions are always welcome and encouraged. All cancellations and substitutions request must be submitted in writing prior to the event.

KBA Seminar Registrations can cancel 30 days prior to the event date and receive a full refund. Cancellations received between 29 days and 10 days prior to the event will be charged a $50 processing fee. There will be no refund for cancellations received less than 10 days prior to the event.

KBA Schools Applicants can withdraw from a KBA School 10 days prior to the 1st day of the school for a refund minus a $150 cancellation fee. There is no refund if an applicant withdraws after the deadline or if applicant fails to attend the school, with the exception of extenuating circumstances. Due to commitments and expenses we cannot reverse, such as: handouts, food, beverages, room rentals, speaker fees, etc.; even extenuating circumstances will require partial refunds because of these expenses.