{"product_id":"top-10-cs-of-cannabis-compliance","title":"Top 10 Cs of Cannabis Compliance","description":"\u003cp class=\"x_MsoNormal\" data-olk-copy-source=\"MessageBody\"\u003eReady or not, cannabis banking is here to stay.  Social stigmas have changed, political winds are shifting, and tax coffers are burgeoning.  Financial institutions are taking note, and eyeing entirely new types of profitable banking relationships.How can banks and credit unions enter this unchartered (and still federally illegal) territory?  Can it be done in a way that keeps board members, shareholders, customers, and employees happy?  More importantly, can it be done in a way that keeps regulators and examiners happy?!  (After all, if they aren’t happy, nobody will be.)Yes.  It is certainly a balancing act – one that must be handled with eyes wide open and with much planning but it can be done. \u003c\/p\u003e\n\u003cp class=\"x_MsoNormal\"\u003eFirst, you need to get an idea of what you are even dealing with before you can move into real planning and implementation Next, just how deeply will you engage in the cannabis banking world?  Are you only going to open deposit accounts?  What about lending?  It is one thing to bank a cannabis deposit account, but risks compound if you decide to extend credit to a cannabis company.  What if they get shut down by the State?  What sort of collateral (another “C”!) are you prepared to repossess?  Weed?  Agricultural land growing weed?  Commercial real estate selling weed?\u003c\/p\u003e\n\u003cp class=\"x_MsoNormal\"\u003e\u003cb\u003e\u003cu\u003eTopics covered in this course\u003c\/u\u003e\u003c\/b\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli class=\"x_MsoListParagraphCxSpFirst\"\u003eCannabis: What exactly are we talking about?  Marijuana; hemp, CBD?  What is the difference, anyway?\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eCompliance:  With what, exactly?  Federal, State, Local?\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eConvictions:  Will your Board, management, employees, and customers accept your bank’s involvement in the cannabis industry?\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eCole Memos:  Both of them, and what they mean to you\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eCash:  In all its smelly (or not?), voluminous, AML-related glory\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eCTRs and SARs:  Special considerations\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eCustomers:  You say you don’t bank cannabis customers yet? \u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eCards:  Surprising compliance traps when it comes to debit \/ ATM cards and cannabis\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eCost:  Yours and theirs – more than monetary\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eControls:  From risk assessments to transparency and daily oversight – who does what, when, and how?\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpLast\"\u003e(Bonus!) Crystal ball:  Is Congress going to do anything about the cannabis conundrum?\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan class=\"EOP SCXW204741147 BCX0\" data-ccp-props='{\"134233117\":false,\"134233118\":false,\"335559738\":210,\"335559739\":210}'\u003e \u003c\/span\u003e\u003c\/p\u003e","brand":"BankersHub","offers":[{"title":"Default Title","offer_id":46808932057263,"sku":"ODC0421261","price":299.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0646\/2894\/9167\/files\/10CsofCannabisCompliance.png?v=1772550777","url":"https:\/\/www.bankershub.com\/products\/top-10-cs-of-cannabis-compliance","provider":"BankersHub","version":"1.0","type":"link"}