Cannabis Banking in 2021 — Webinar

Broadcast April 14, 2021

Presented By: Alan Hanson, Attorney, Gleam Law and Pat Duncan, VP of Compliance, Community First Credit Union ($650.8M, Santa Rosa, CA)  

Alan discussed 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 also discussed trends and risks in credit unions providing loans to cannabis businesses. He also provided some clarification as to what is required under the FinCEN guidance and when marijuana related SARs need to be filed.

Pat recently implemented her credit union’s cannabis banking program, and is now accepting cannabis clients. She talked about her experience and lessons learned in the process, and talked about some of the issues she confronted during the process of implementing the program.

Click here to watch the webinar!