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Course description

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.

Instructor(s)

Mary Beth Guard

Mary Beth Guard currently serves as Executive Editor of BankersOnline.com, CEO of Glia Group, Inc. and Executive Editor of BankingQuestions.com. Since graduating from law school in 1980, Mary Beth has focused her work almost exclusively on the banking industry. Previously, Mary Beth served as EVP/General Counsel and COO for the Oklahoma Bankers Association, EVP of Specialized Services for Thomson Financial Publishing, and General Counsel for the Oklahoma State Banking Department. Mary Beth is on the advisory board for Bankers' Hotline. She has presented training programs for virtually every major national financial industry association, as well as more than a dozen state bankers associations and a host of other organizations. In addition, Mary Beth has written more than a thousand banking-related articles and is a BOL Guru.

Course curriculum

  • 1

    Webinar

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

  • 2

    Materials

    • Slides

    • Materials

    • SAFE Banking Act

    • Attendance Sheet

    • Questions and Answers

    • RELATED PRODUCT: Marijuana-Related Business Policy Template

  • 3

    Webinar Evaluation

    • Please complete this course evaluation ...