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Cannabis Banking: Fine-Tuning Your Risk Assessment
January 14, 2021 @ 11:00 am - 12:00 pm UTC+0
Today, some form of medical or recreational marijuana is legal in 35 states, and the U.S. legal market is projected to be worth $33 billion by 2025 – potentially double the current market size. As COVID-19 continues to put pressure on bank earnings, cannabis customers can be a valuable source of non-interest income in the current environment – and low-cost deposits when the economy rebounds.
In this webinar, we will discuss the market opportunity for banking marijuana-related businesses — from basic depository services to lending, the risks and requirements involved in banking the cannabis industry, and how today’s newly minted cannabis bankers are implementing new operational processes and harnessing data and technology to increase the predictability of compliance outcomes while reducing labor demands.
Learning Objectives:
Achieve a deeper understanding of the market opportunity for banking marijuana-related businesses – from basic depository services to lending. Deepen knowledge about state cannabis laws, FinCEN guidelines, and compliance and regulatory requirements. Understand how data and technology can improve compliance and operational outcomes.
Who Should Attend: CEO, COO, Compliance Professionals, Board Members, Risk Professionals
