Banking Cannabis - 2 Part Series

Qty: On-Demand ($739.00)

Course Summary:

During this two-part webinar we will lay a good foundation with Part 1. You will learn how to look at risk, develop policy and procedures for opening accounts, and managing the big picture. In Part 2, we will take a deeper dive into the day-to-day mechanics of running a cannabis program.

Course Details:

Banking Cannabis Part 1: Onboarding and KYC
March 11, 2025 | 2:30 pm - 4:00 pm EST

During this program, we will lay a good foundation for building your program on marijuana and hemp.

What You'll Learn:

• A look at the federal picture on hemp, marijuana, and CBD oil
  
• Risk assessments for your new customer base
  
• Developing a new account policy and procedures for cannabis
  
• Questions in the new account interview
  
• CIP, CDD, and state law issues
  
• Separate hemp/CBD from hemp, and marijuana/CBD from marijuana

Banking Cannabis Part 2: Payments, Vendors and Monitoring
March 13, 2025 | 2:30 pm - 4:00 pm EST

Now that the cannabis customer is onboarded, learn how the money will move.

What You'll Learn:

• Filing of SARs and special issues
  
• Closing of accounts
  
• Payment mechanisms: ATMs, cashless ATMs, mobile apps, closed-loop debit cards
  
• Cash: Handling and movement of cash
  
• Monitoring accounts for shrinkage and theft
  
• Third-party vendor vetting and relationships