Skip to main content
Loading
Create Account
Cart
Toggle search
Toggle navigation
Keyword Search
Sign In
Events
Toggle
Annual Convention
Bank Management and Directors Conference
Bankers Education Summit and Trade Show (BEST)
Ag Lending School
Certification Programs
Education by Bank Role
Rising Leaders
Women in Banking Day
MBA Women Shaping Tomorrow Award
Conferences/Events
Custom In-Bank Training
Director Resources
Events Calendar/Registration
Exhibit/Sponsorship Opportunities
Forums
Graduate School of Banking
Group Membership Meetings
Internships
Leadership Development
Midwest Trust and Wealth Management Conference
Online Learning
Online Training Library
Scholarships
Schools
Seminars
Advocacy
Toggle
Take Action
Advocacy News
Great Lakes Growth
Back the MiBankPAC
BankOn
Credit Unions
Election Resources
Economic Impact Award
Events
Financial Exploitation
Fraud
Grassroots
Grassroots Toolbox
Issue Papers
Related Links
Relationships
Michigan Redistricting Maps
Consumer Resources
Director Resources
Unifom Power of Attorney Act
Communications
Toggle
Banker of the Year
Download "mibankers"
Financial Literacy
mbaBanking
MBA Bank Beat
Membership
Toggle
Affiliate Members/Correspondent Bankers
Associate Members
Enhanced Member Benefits
Committees
Rising Leaders
Endorsed Partners
Member Banks
Traveling Circus
Trust Members & Investment Services
Volunteer Opportunities
Women In Banking
Workers Compensation Fund
Products
Toggle
Associate Members/Vendors
Bankers Alliance
Banking Services & Supplies
BankTalentHQ
Compliance Alliance
Endorsed Partners
Insurance Products and Agent Services
MBA Manuals, Publications and Forms
Michigan Bankers Workers Compensation Fund
Office Depot Programs
Review Alliance
Compliance
Toggle
Bankers Alliance
Compliance Alliance
Review Alliance
Compliance and Regulatory Resources
Electronic Lien and Title
Question of the Week
Diversity, Equity & Inclusion
Toggle
21-Day Equity Challenge
DE&I Events/Webinars
DE&I News
Resources
Send A Question
Previous Discussions
DE&I Newsletter
About
Toggle
About Us
Directions
MBA Board of Directors
MBASC Board of Directors
MBWCF Board of Directors
MiBankPAC Board
PSB Board of Trustees
MBA Team
Hotel Recommendations
Share this page
Share on Facebook
Share on Twitter
Share on LinkedIn
Email
More options
Bookmarks
Google+
MySpace
Reddit
StumbleUpon
Tumblr
Yammer
Cannabis Banking; How to Bank it & How to Not
The continuous changes in state marijuana laws, coupled with significant shifts in federal policy, have led to conflicting signals when it comes to banking marijuana-related businesses (MRBs). We will take a deep dive into the latest developments on MRBs, including reviewing the current state of marijuana regulations.
Speakers: Bob Hendricks, Warner, Norcross + Judd; Patricia Herndon, Michigan Bankers Association; Rodney Martin, Warner, Norcross + Judd; Brian Storey, Shield Compliance
Learning Objectives:
•Federal law vs. state law
•Licensing of adult use
•Steps to bank
•Steps to not bank
•Regulatory update
•Due diligence
•NCS system implementation
•Federal banking bill relief
•Federal legislative relief, SAFE Banking Act Status
•Industrial hemp and CBD and implications
With costs on the rise, bankers are seeking new sources of low-cost deposits and non-interest income. The legal cannabis industry can address these needs, but financial institutions must understand the risks and requirements involved. This session will help bankers:
•Understand the cannabis banking business opportunity and how it can fit into the bank’s larger strategy. This is not an easy business to bank, so there must be a clear connection to broader goals.
•Learn about the Michigan state cannabis law, FinCEN guidelines, and regulatory requirements,along with the do’s and don’ts for passing BSA exams.
•Evaluate the risks vs. rewards of cannabis banking, and how to manage compliance and operational impacts starting at the board level and down to daily operations.
When
10/11/2019 9:00 AM - 12:30 PM
Where
MBA Education Center 507 South Grand Avenue Lansing, MI 48933 UNITED STATES
Sign In
Username
Required
Password
Required
Forgot username?
|
Forgot password?
Create a new account
{1}
##LOC[OK]##
{1}
##LOC[OK]##
##LOC[Cancel]##
{1}
##LOC[OK]##
##LOC[Cancel]##