Webinar: Banking Legal Marijuana Businesses
October 31, 2023 3:00 pm - 4:30 pm
Are you up to date with federal and state laws and regulations related to the cannabis and marijuana industry?
Whether you are actively engaged with MRBs or just looking for new business opportunities, this dynamic webinar will have something for you.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Evaluate the current legal landscape of state and federal laws
- Understand the potential impact of marijuana laws on multiple operational areas
- Prepare a marijuana-related business (MRB) due diligence plan
- Determine the proper alignment of policies and procedures
- Assess the benefit of third-party industry expertise
- Appreciate cannabis-related business best practices
WEBINAR DETAILS
The increasing acceptance of marijuana- and cannabis-related products, combined with flexibility within state legal systems, makes it absolutely essential for every financial institution to understand the myriad impacts this changing landscape can have on almost every element of business operations. From lending to deposit accounts and human resources to BSA, you need to understand the landmines and embrace the opportunities presented by this growing field.
Today’s shrinking margins and increased competition (including from fintechs) should have every institution considering expanded business lines or additional income sources and ways to serve your community. One thing that has not changed, however, is the need to perform a thorough risk assessment before embarking on any new adventures. This is especially true with the cannabis industry, as the landscape is continually changing, and more players continue to stream into the marketplace. Join veteran financial services attorney David Reed as he gives a timely overview of the current cannabis industry as it relates to financial services.
WHO SHOULD ATTEND?
This informative session is designed for board members, senior executives, managers, compliance staff, lending staff, deposit account managers, business development personnel, internal auditors, and anyone involved with commercial account activity or marijuana-related businesses.
TAKE-AWAY TOOLKIT
- MRB due diligence checklist
- Cannabis banking resource guide
- Survey of state cannabis laws
- Recent regulatory guidance
- 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
Presented By: David A. Reed, Reed & Jolly, PLLC
Attorney, author, consultant, and nationally recognized trainer, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.
A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy.