1. Cannabis in 2020

Cannabis in 2020

Cannabis banking expert Paul Dunford will explain the latest developments in cannabis banking. You will learn what to expect in the months ahead and how to use this information to begin building a cannabis banking program in your institution.
Event ID: 2188231
Date: Monday, February 24, 2020, 12 PM Eastern
Duration: Scheduled for 60 minutes including question and answer period.
Presenter(s): Paul Dunford, Co-founder of Green Check Verified
Credits: 1.0 NASBA (Management Services)

Cannabis in 2020

Forbes recently published an estimate that legal cannabis sales will reach nearly $30 billion in 2025. In states where recreational marijuana use is now legal, billboards for dispensaries line freeways and state coffers swell with increased tax revenue.

All the lucrative cannabis-related businesses (CRBs) need a place to store their massive amounts of cash. They are looking for banks and credit unions to provide comprehensive financial services.

The cannabis banking sector has evolved over the last year. You can learn from the legislative action and procedural shifts of 2019 to position your institution to offer services to this growing market in 2020.

  • Is your financial institution ready to bank cannabis?
  • Where should you start when building your cannabis banking program?
  • How can you get stakeholder buy-in?
  • What should your CRB policy include?
  • What are the most important aspects to monitor?
  • What is the current legislative landscape for banking cannabis?

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