August Cannabis Banking Bootcamp

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

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Green Check’s Cannabis Banking Bootcamp is a two-hour intensive course, followed by a half-hour optional special topics session, 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.

Session 1: The Fundamentals of Cannabis Banking (60 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

Session 2: Quantifying the Risks and Rewards (60 Minutes)

We’ll review a case study, based on a financial institution that’s currently banking cannabis, and use that information to conduct both a financial modeling and risk assessment exercise.  From the financial modeling exercise, you will learn to identify the products and services you can (and should) offer to cannabis businesses beyond simply accepting deposits and the costs associated with running a program.  The risk assessment exercise will not only help you provide a point-in-time assessment of your readiness to bank the industry but also highlight the operational decisions that must be made when working with cannabis-related funds.

Optional: 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