1. Cannabis Banking: What You Need to Know - On Demand

Cannabis Banking: What You Need to Know - On Demand

Cannabis Banking: What You Need to Know
Event ID: 73911OD
Session ID: 16579
Duration: Scheduled for 90 minutes including question and answer period.
Credits: 1.5 NASBA (Management Advisory Services)

Duration: 90 minutes including question and answer session.
Presenter(s): Sundie Seefried, CEO of Partner Colorado Credit Union & Safe Harbor Services, LLC and Katrina Skinner, President and General Counsel of Safe Harbor Services, LLC
$299.00, On-Demand includes full audio presentation, question and answer session, and presentation slides.
Credits: Webinar approved for 1.5 NASBA credit hours (Management Services)
Who Should Attend? BSA officers, compliance officers, risk managers, project managers, presidents, senior team members initiating a cannabis banking program, people involved in decisions regarding servicing the cannabis trade

The cannabis business is thriving across America as legalization at the state level continues at a rapid pace. NBC recently reported that the legal marijuana industry amassed $10.4 billion in revenue in the United States in 2018. Revenue is expected to reach $16 billion this year and will continue to grow. As this industry booms, cannabis business owners need to find places to store all that money and have an increasing need for banking support. Your institution is well-positioned to reap the profitable rewards by adding these valuable customers to your portfolio.

Marijuana-Related Businesses (MRBs) are now legal in many states. You need to learn regulators' expectations, oversight concerns, third party vendor management, and the differences in banking hemp and CBD compared to cannabis. Whether financial institutions wish to bank the industry or not, cannabis funds will pass through all financial institutions, and we must all have the tools necessary to fulfill BSA obligations; directly or indirectly.


Just a sampling of what this webinar will cover:

  • A Cannabis Banking Program Overview (Methodology, Growth, Pain Points).
  • A Legal Perspective after Years of Experience.
  • Regulator Expectations and Oversight Concerns.
  • Policies & Procedures Impacted by Cannabis.
  • Payment Processing & KYCC Expectations.
  • Business Complexity and Structuring for Protection.
  • Restrictions, Limitations, and Concentration Considerations for Those Wishing to Bank Cannabis.
  • Third-Party Vendor Management; What to Expect and What to Look for In a Third-Party Solution?
  • Why It Is Easier to Get a Cannabis Account Vs. Hemp & CBD.
  • Hemp & CBD Banking Considerations Compared to Cannabis.
  • Getting Started on the Path to Banking Cannabis, Hemp & CBD.



Your conference leaders for “Cannabis Banking: What You Need to Know” are Sundie Seefried and Katrina Skinner.

Sundie Seefried is presently the CEO of Partner Colorado Credit Union & Safe Harbor Services, LLC, located in Denver, Colorado. She holds a Bachelor in Business Management from the University of Maryland and an MBA in Finance from Regis University. Sundie designed a full scope Cannabis Banking Program that has withstood the scrutiny of 12 Federal and State exams and now banks well over $200 million per month of cannabis-related funds. She authored the book ‘Navigating Safe Harbor – Cannabis Banking in Uncertain Times.

Katrina Skinner is presently the President and General Counsel of Safe Harbor Services, LLC, located in Denver, Colorado. She holds a JD from the University of Denver Sturm College of Law. Safe Harbor Services is a credit union service organization wholly owned by Partner Colorado Credit Union. Safe Harbor Services is expanding the Safe Harbor Program TM nationwide by partnering with local financial institutions and providing services to cannabis-related businesses across the country.


BankersWEB, a division of DKG Media, LP, wants you to be satisfied with your webinar. If this webinar does not meet your expectations, email us at service@bankersweb.com.


BankersWEB certificates of participation are available to everyone completing this webinar.