Title: Lending to Marijuana Businesses


Program Description

In order to best assist your marijuana clients, you need to be well versed on the specific laws, regulations, recent legislation and requirements that surround commercial lending to marijuana businesses. In this guide, experienced faculty who know the ins and outs of this niche industry will detangle credit risks, FinCEN guidance and applicable drug laws so that you can overcome common obstacles that frequently arise. Order today!

Course Content

  • How the Controlled Substances Act Affects the Marijuana Industry’s Access to Banking
  • State Legalization vs. Federal Drug Laws
  • Credit Risks for Banks That Want to Provide Services in This Area
  • Interpreting the Department of Justice’s Memoranda
  • Current Regulatory Structure for Banks
  • FinCEN Guidance: Due Diligence, Risk Assessment Mandates for Financial Institutions, and Required Reporting
  • Why Don’t we Have a Marijuana Bank? Industry Concentration and Safety and Soundness Considerations
  • Update on Federal Legislation
  • Update on Selected States

Location: Teleconference