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.
WHAT YOU'LL LEARN
Just a sampling of what this webinar will cover:
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Sundie Seefried & 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.
Who Should Attend
Credits: Webinar approved for 1.5 NASBA credit hours (Management Services)
Certificates of Participation: BankersWeb certificates of participation are available to everyone completing this webinar.
