November Cannabis Banking Bootcamp

Wednesday, November 30, 2022 | 12 PM EST | 150 Minutes

This session is completed. If you would like to inquire about accessing a recording, please fill out the form on this page.

Green Check’s Cannabis Banking Bootcamp is a two-hour intensive course, followed by a half-hour optional special topics session with special guest Highpoint Community Bank, that prepares banking professionals to engage with the legal cannabis industry.  Taught by Green Check’s subject matter experts, regulatory professionals that have worked with nearly 100 banks and credit unions to develop efficient and profitable cannabis programs, you will gain practical insight into the realities of banking the industry.

The Fundamentals of Cannabis Banking (120 minutes)

  • Essential terminology: cannabis/marijuana/hemp, THC/CBD
  • The cannabis market opportunity in the US
  • Defining cannabis businesses and identifying their needs
  • Federal and state cannabis law, guidance, and regulations
  • FinCEN’s 2014 marijuana banking guidance: what you need to know
  • Locating and onboarding cannabis businesses
  • Ongoing monitoring and working with your examiner

Current Events and Special topics (30 minutes)

Takeaways

  • Copies of all presentation materials
  • A cannabis banking policy template
  • A copy of the sample financial model developed during the session
  • A copy of the sample risk assessment questions
  • 90-day access to a recording of both sessions

Audience

  • Board members
  • CEO
  • CFO
  • Compliance and risk officers
  • Branch operations managers
  • Business development teams
  • Lending officers
  • Marketing and communications teams
MEET OUR

Presenters

Paul Dunford

Co-Founder and VP of Knowledge, Green Check

Paul is a co-founder of Green Check Verified, where he is the VP of Knowledge. Paul oversees the development and management of compliance programs for Green Check Verified’s clients, with a focus on state-level compliance as well as compliance around federal guidance.

Julie Mott

Director, Program Implementations, Green Check Verified

Julie Mott is the Director of Program Implementations at Green Check Verified. She has over two decades of experience working for banks and credit unions in operations, retail, and lending. Prior to joining Green Check, Julie was VP, Deposit Operations Manager for a Rhode Island based, $1.3B institution. She is committed to ensuring exemplary service and support to each of Green Check’s partner financial institutions.

Highpoint Community Bank

Michigan, highpointcommunitybank.com

Highpoint Community Bank has proudly served businesses for over 135 years and believes that every legal cannabis business deserves access to the same financial services as any other legitimate business.  The bank has a dedicated Cannabis Banking team with members that are excited and passionate about the opportunities within the Cannabis industry.  The team also knew that to be successful, we needed a partnership that could guide and assist us through a relatively new landscape.  Green Check Verified was the right choice.