February Cannabis Banking Bootcamp

Thursday, February 23, 2023 1 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, that prepares banking professionals to engage with the legal cannabis industry.  Taught by Green Check’s subject matter experts, and 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 U.S.
  • 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

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

Who Should Attend:

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

Presenters

Kristin Stowe

Commercial Services Manager, Greater Nevada Credit Union

Kristin recently joined Greater Nevada Credit Union as the Commercial Services Manager, overseeing the commercial and cannabis banking platforms. She began her banking career in 2007 as a part-time teller while attending the University of Oklahoma where she studied Public Relations. Kristin’s career has spanned across the Western US, landing in Las Vegas in 2018 where she built one of the first cannabis banking platforms in Nevada and eventually expanded to all legal markets. She has become a cannabis and mental health advocate, dedicating her time to supporting the plant and the industry. When she’s not in the office, you can find her on the tennis courts or writing. Kristin also enjoys traveling with her husband and snuggling her very lazy dachshunds.

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.