Payments & Lending in the Cannabis Space – Challenges and Solutions

Thursday, October 27, 2022 12:30 PM EST | 90 Minutes

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This 90-minute webinar will cover what’s happening in the cannabis banking, lending, and payments space. Joined by our partners at Nelson-Mullins and Assureg, this panel discussion will highlight topics like cashless ATMs, alternative payment methods, collateralizing loans to cannabis businesses and their employees, and the potential impact that the current federal marijuana legalization bills would have in these areas. 

We will discuss risk mitigation strategies and what we’ve seen in the field.

Payment Processing for Cannabis Businesses (40 minutes)

  • Can financial institutions offer debit cards to cannabis business customers/members?
  • What do we know about cashless ATMs?
  • What bankers need to know about alternative “credit cards” 
  • Alternatives to the big credit card companies that prohibit the use of their networks for the purchase of cannabis
  • How cryptocurrency is being positioned as a solution to the payments problem
  • What effect would the passage of any federal cannabis legalization bills have on the payments space?

Lending to Cannabis Businesses (40 minutes)

  • Are FIs offering loans to cannabis businesses and/or their employees?
  • How can a financial institution collateralize a loan to a CRB?
  • Mortgage lending to employees of cannabis businesses

Q&A (10 minutes)

Takeaways

  • Copies of all presentation materials
  • Access to a recording of session

Audience

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