Lending in Cannabis

Wednesday, July 31, 2024 1 PM ET | 90 Minutes

One of the most commonly talked about, and misunderstood, aspects of serving the cannabis space is lending.  The fact is, lending to both direct and indirect cannabis businesses is an option for financial institutions, but with it comes a particular set of risks, obligations and considerations.  Accordingly, Green Check, in partnership with CTrust and Coda Capital LLC, is hosting a special 90-minute webinar, “Lending in Cannabis,” to provide banks and credit unions with the foundational information they need on this topic. 

This panel discussion will highlight topics such as risk monitoring, cannabis loan collateralization for both businesses and employees, and types of lending available including participation loans.   The session will also include the impact that the current federal marijuana legalization bills may have in these areas. 

Attendees will be provided with relevant knowledge on risk mitigation strategies as well as concrete examples of lending in the space. 

Topics Covered:

Lending to Cannabis Businesses (80 minutes)

  • What types of loans are FIs offering to cannabis businesses and/or their employees?
  • Understanding the available options for collateral, and relevant considerations
  • Participation loans and how financial institutions can leverage these to accommodate borrowers and reduce risk.
  • Employing data to make better lending decisions to this nascent market

Q&A (10 minutes)

  • Ask us anything about cannabis lending. 

Takeaways

  • Access to a recording of the session

Audience

  • Chief Lending Officers
  • Chief Credit Officers
  • CEOs
  • CFOs
  • Credit Analysts
  • Compliance and Risk officers
  • Board Members
  • Branch Operations Managers
  • Business Development Teams
  • Marketing and communications teams
MEET OUR

Presenters

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.

Brendan Fay

Chief Investment Officer, Coda Capital

Mr. Fay is a skilled investment manager with over 20 years of experience raising and deploying capital in niche alternative investments. Prior to joining Coda Capital, Mr. Fay was a Senior Vice President at nationally recognized student housing investor Campus Apartments, where he successfully managed their $2bn student housing portfolio.  Mr. Fay was the Head of Special Situations for Doral Bank where he restructured and sold a $1bn portfolio of non-performing loans secured by commercial real estate in Puerto Rico.  Mr. Fay started his career in the investment banking program at Bank of America where he completed their intensive credit analyst program.

Dotan Y. Melech

Co-Founder and CEO, CTrust

Dotan Y. Melech is the co-founder and CEO of CTrust, a credit rating and monitoring agency for the cannabis industry. He previously led United AMS, an asset management service company, and served as a Federal Bankruptcy Trustee on thousands of cases. With extensive experience in receivership, bankruptcy, restructuring, and risk management, Melech is a recognized expert in distressed assets. He has won an innovation award from The Washington Business Journal and contributes to Forbes, Benzinga, and mg Magazine. A veteran with a BS in Engineering and an Executive MBA, Melech lives in Dallas, Texas with his wife Tracy and their four children, and is an avid tennis player and Vistage member.