Hemp, CBD, Marijuana and Your Bank -- 2019 Status Update


Presented by:
Mary Beth Guard

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Five years after FinCEN issued guidance on banking marijuana-related businesses, hundreds of financial institutions are providing services to state-licensed entities, while the majority of banks have elected to sit on the sidelines because of federal law prohibitions. The risk landscape continues to change as more than 33 states have legalized medical marijuana (with conditions and restrictions) at the state level and another 10 permit recreational use. In the meantime, the FARM Bill of 2018 made significant changes to what is allowed with hemp and CBD, but you have to understand the particulars of what the new law does - and doesn't - do. A new bill that will offer important protections to banks that choose to serve legitimate marijuana businesses has cleared the House Financial Services Committee and appears to have momentum.

Your bank wants to be well-positioned to make informed decisions about the risks of banking marijuana, hemp, and CBD customers so you can decide what questions to ask, which customers you are willing to take on, and how it will all change if HR 1595 becomes law.

In this webinar, we will examine the legal and practical issues posed by these substances, from seed to serum, and the customers who deal with them. We will equip you with questions to ask, policy choices, due diligence strategies.

Employees in the operations area, compliance officers, legal counsel

About the Speaker: Mary Beth Guard is a seasoned banking attorney with a background and degree in criminal justice. She is one of the four co-founders of BankersOnline.com and its original Executive Editor. She is now Editor Emeritus of the site. She was instrumental in the creation and expansion of BankersOnline, as well as the launch more than a decade ago of BOL Conferences, Inc. and its continued operation and growth. Mary Beth also serves as CEO of Glia Group, Inc., which produces BOL Learning Connect training for the banking industry. For nearly four decades, Mary Beth has utilized her background as an attorney to focus on banking industry issues, first as general counsel for the Oklahoma State Banking Department, then as general counsel for the Oklahoma Bankers Association, prior to her work with BankersOnline.

Mary Beth has presented training programs for virtually every major national financial industry association, more than a dozen state bankers associations and a host of other organizations, including various graduate schools of banking. She is a frequent presenter of webinars and seminars. In addition, Mary Beth has written more than a thousand banking-related articles and is BOL Guru #1.

This program was recorded in its entirety in June, 2019. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_hemp0619
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Wednesday 03 April, 2019.

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