Cannabis Banking: What Compliance Teams Need to Know for 2022

Thursday, October 21 1PM EST | 90 Minutes

As a result of the influx of new and expanded state cannabis programs going live this year — along with an increase in banks and credit unions aggressively entering the cannabis banking market — 2021 will go down as a big year for financial services in the legal cannabis industry.  Still, the true impact of 2021’s momentum has yet to be realized for financial institutions.  To help compliance professionals plan strategically for what is to come — from increased examiner expectations to legislative changes — Green Check Verified is hosting “Cannabis Banking: What Compliance Teams Need to Know for 2022.”

 Session 1: Industry Trends to Watch (30 Minutes)

  • Macro trends in the industry that all compliance professionals should be aware of
  • Examiner expectations — what’s changed and how compliance teams are adapting
  • From reputational to credit risk — how the risk profile of banking cannabis businesses has changed 
  • The new breed of cannabis businesses — larger, more sophisticated, and in need of greater financial services 
  • What recent consent orders tell us about how to run a safe and successful program 

 Session 2: Regulatory and Legal Update (30 Minutes)

  • The status of cannabis legislation in Washington DC
  • State by state outlook: which programs are about to expand 
  • Social equity initiatives in cannabis — what you should know
  • Changes in regulatory guidance for 2022

Session 3: Case Studies (30 Minutes)

In this session, we share two case studies from the perspective of compliance teams at financial institutions successfully banking the industry.  For the first case study, we will explore a small program focused on banking a select number of key clients.  For the second case study, we will look at a highly-scalable, regional program that is focused on rapid expansion. 

Takeaways

  • Copies of all presentation materials
  • 90-day access to a recording of both sessions

Audience

  • Compliance and risk officers
  • Risk & Audit Committee Members
  • Branch operation managers
  • Technology Officers
MEET OUR

Presenters

Stacy Litke

VP, Banking Programs, Green Check

Stacy Litke is VP of Banking Programs at Green Check Verified with decades of experience in the financial services industry.  Time spent in retail, lending, operations, and technology — and from the seats of a community banker, fintech executive, and consultant — has provided Stacy with a comprehensive view of the industry.  Prior to joining Green Check, Stacy was SVP of Operations for a Massachusetts-based, $900 million institution.  Today, she uses her collective experience to help financial institutions with compliant cannabis banking programs.

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.