Cannabis Update: Marijuana and Hemp (Webinar)


Member Fee (Live or Recording): $165 per connection
Non-Member Fee (Live or Recording): $265 per connection 


As states move forward in both marijuana and hemp, the federal law lags behind in the area of marijuana.  Hemp on the other hand, has been on a journey from the Farm Bill 2018 to the USDA regulations issued at the end of 2019.  Where are we now?  What is FinCEN’s position on hemp and marijuana?  During this program we will discuss, how to check your state statutes, understand where we are now both federally and on the state level with hemp and marijuana.  As the federal government makes way for a new brand of hemp customers, we have to make decisions about banking hemp and what our policy and procedures would look like.  FinCEN has BSA expectations but the good news is that these don’t include filing SARs on hemp customers and related businesses.  This is a 2022 update on hemp and marijuana and may help you shape your decisions about how to move forward as our states and government authorities set the parameters for banking this new industry.

Topics include:

  • Understanding the current USDA regulations on Hemp
  • Learn how your state law can impact the decision to bank hemp customers
  • What is FinCEN’s position on hemp? On marijuana?
  • What would be the BSA considerations and risk to our financial institution 
  • Writing your hemp and marijuana policy
  • Build your questionnaire, risk assessment, CIP, Beneficial Ownership Procedures 
  • Monitoring and measuring risk

BSA and Compliance Officers, Operations, Lending and Management

Deborah L. Crawford is the President of Gettechnical Inc a Florida based training company.  Her 30+ years of experience began at Hibernia National Bank in New Orleans.  She does training on deposit and frontline operations, BSA, IRAs, compliance and many other areas of the financial institution.  She graduated from Louisiana State University with both her Bachelor and master’s degrees.







When
5/25/2022 2:30 PM - 4:00 PM
 

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