Banking Hemp & Cannabis-Related Businesses in Kentucky: Opportunities and Risks

Thursday, February 17, 2022 | 1 PM CST | 60 Minutes

Though Kentucky has yet to join the majority of U.S. states with legalized medical or adult-use marijuana, it remains one of the largest hemp producers in the country.  Financial institutions in Kentucky that want to bank hemp — or the myriad of businesses selling its byproducts and extractions such as CBD — are presented a great opportunity, but also a murky legal and compliance landscape.  In this session — taught by subject matter experts with experience building and scaling cannabis banking programs in 35 states — we shed light on the current cannabis banking opportunity in Kentucky, how to practically and safely participate in the market, and how to prepare for eventual expanded legalization in the state. 

 

Topics Include:

  • Hemp & CBD 101: Fundamentals and Terminology
  • Hemp Legislation, USDA Regulations and State Rules
  • What You Need to Know About Banking Hemp 
  • What You Need to Know about Banking Businesses Selling CBD and Other Cannabinoids
  • How to Set Up a Safe and Effective Program
  • How to Prepare for Expanded Legalization in Kentucky
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.

Stacy Litke

VP, Banking Programs, Green Check

Stacy Litke, VP of Banking Programs leads the client facing cannabis banking teams at Green Check.  Stacy has decades of experience in banking and has seen the financial services industry from the seats of Community Banker, FinTech Leader and Technology Consultant. In her role at Green Check, she and her team have developed best practices for banking the cannabis industry through working with more than one hundred financial institutions as they work to evaluate and implement cannabis banking programs, and conversations with regulators and examiners.