Banking Legal Marijuana Businesses

RELEASE DATE: JUNE 29, 2026
ESTIMATED DURATION: 75 MINUTES

Serving cannabis-related businesses presents both opportunity and heightened compliance risk. This session reviews federal and state legal tensions, BSA expectations, due diligence requirements, and ongoing monitoring obligations. Participants will better understand the risk assessment process and operational considerations necessary to support marijuana businesses while managing regulatory scrutiny.  Understand how a potential federal reclassification of marijuana could impact BSA reporting expectations, risk assessments, enforcement posture, and long-term strategic decisions.

This session will cover:

• Understand federal and state legal tensions impacting cannabis banking
• Conduct enhanced due diligence and ongoing monitoring requirements
• Apply BSA risk assessment considerations specific to marijuana businesses
• Evaluate operational and reputational risk implications
• Design policies and controls that align with board risk appetite

ABOUT THE PRESENTER

Attorney, author, consultant and nationally recognized trainer, David A. Reed is a partner in the law firm of Reed and Jolly, PLLC. Through Reed and Jolly, Mr. Reed provides guidance to credit unions concerning a variety of matters including the establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters and corporate governance. In addition to his legal expertise, Mr. Reed is a Certified Fraud Examiner and Chairman of a Supervisory Committee. A former trial attorney and Vice President and General Counsel of Apple Federal Credit Union, Mr. Reed is particularly noted in the areas of credit union operations, governance, security, bankruptcy and collections. He has been selected to train federal and state field examination staff on numerous issues including BSA, Field of Membership, ID Theft Red Flags, S.A.F.E Act, Third Party Contract Management, Cybersecurity and Bankruptcy.

LEARNING METHOD This training is available as an on-demand webinar, organized into chapters. Learners can choose to watch individual chapters or complete the entire program. Unlimited testing is provided as the last chapter.

EXPIRY NOTE: eTrain reserves the right to expire program links that may include information no longer valid such as regulation and rule changes. In most cases, we will expire a program the same day an updated version is being released.