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Cannabis has become more mainstream, and institutions have begun banking with hemp customers. Find out how banks are knowingly – and unknowingly – banking hemp, CBD, and marijuana. This presentation will cover the current landscape of federal and state law for banks that are actively banking or contemplating banking with cannabis and/or hemp customers.
Participants gain an overview of the state of play regarding state legalization of cannabis (both medical and recreational), and what that still means in light of existing federal law and bank regulator oversight.
In addition, attendees explore an overview of regulations issued by the USDA and the current federal landscape for hemp, including FDA guidance, or the lack thereof. The presentation will address risk management when banking cannabis and/or hemp customers, as well as how to implement appropriate policies and procedures even if your bank has decided not to bank cannabis and/or hemp customers.
Understand the views of state and federal law enforcement and regulators.
Learn about the systems and procedures needed to service the cannabis and hemp industries.
Learn how regulators have been supervising banks that service a cannabis or hemp business.
Understand cannabis and hemp banking in the Biden administration.
Duration: 60 minutes
ICBA Members: $199
For more information, call 800-422-7285.
Who should attend: Executives, Compliance Officer, BSA Officers, Operations Management, Risk Management, Security Officer
Advanced Preparation: None
Program Level: Intermediate
Field of Study: Specialized Knowledge
Delivery Method: Group Internet Based
CPE Credit Hours: 1
Partner and Associate
Hunton Andrews Kurth
Registration, attendance, or participation at this event constitutes an agreement to adhere to the ICBA code of conduct and complaint policy. ICBA aims to be welcoming, safe, and inclusive to all participants, with the most varied and diverse backgrounds possible.
As such, The Independent Community Bankers of America (“ICBA” or the “Association”) has adopted a zero-tolerance policy toward all forms of unlawful discrimination and harassment.