While FinCEN provided additional guidance to provide banking services to hemp-related businesses, there have been no updates relating to banking marijuana-related entities since 2014. This session will do a deep dive into the risk considerations for banking all risk levels of marijuana customers from growers to dispensaries to employees of those entities and will point out considerations senior management and board members should keep in mind if deciding to bank a marijuana-related business (MRB). As the number of states with some form of legalized cannabis product grows, the need to align your policy and procedures with your board’s appetite for risk grows. We will provide an overview of a risk-based cannabis program and demonstrate how to align risk with current regulatory guidance.
Learning Objectives:
Wipfli brings the curiosity needed to uncover what’s been overlooked. Our ingenuity helps create unexpected results. Our team of more than 3,200 associates works together to bring integrated solutions to turn data into insights, to optimize workflows, to increase margins and to transform through digital innovation. Others see problems. We see possibilities.
Our people are eternal students, bringing cross-industry experience and creativity to help clients see beyond today’s most complex business challenges.
2855 East Guasti Rd., Suite 202
Ontario, CA 91761
909.212.6000
1201 K. St., Suite 1050
Sacramento, CA 95814-3992
916.325.1360
c/o Great Basin FCU
9770 South Virginia Street
Reno, NV 89511-5941
202.638.5777 www.cuna.org
www.dfpi.ca.gov
Clothilde “Cloey” V. Hewlett — 415.263.8500
fid.state.nv.us
702.486.4120 (Las Vegas)
775.684.2970 (Carson City)