Alan will discuss the cannabis banking landscape in 2021, including a review of current federal legislation and his predictions as to which bills will pass and which won’t. He will also discuss trends and risks in credit unions providing loans to cannabis businesses. He will also provide clarification as to what is required under the FinCEN guidance and when marijuana related SARs need to be filed.
Pat has recently implemented her CU’s cannabis banking program and is now accepting cannabis clients. She will share her experience and lessons learned in the process, and talk about some of the issues she confronted during the process of implementing the program.
Sponsored by:
- Update on Federal legislation and NCUA actions
- Understand Risk associated with cannabis lending
- Clarification on FinCEN Guidance requirements
- Understand process to accept your first MRB member
When?
Wednesday, April 14 | 2:00 PM ET
Alan is a cannabis banking attorney with Gleam Law that specializes in developing cannabis banking programs for financial institutions and advises on related financial services. Alan has the unique experience of developing and managing one of the first, and most successful, cannabis banking programs in the nation. With this practical knowledge he is able to help clients not only develop compliant cannabis banking programs but also gain a strong understanding of the industry to ensure a smooth regulatory exam.
Pat Duncan transitioned into the compliance department of Community First Credit Union after managing the credit union’s flagship branch for over 16 years. Pat’s time in the branch helped provide not only a regulatory foundation for her, but also building relationships with credit union members – both important skills when building a cannabis banking program.
