Managing Cannabis Risk

13may9:00 amManaging Cannabis Risk

Event Details

RELEASE DATE: MAY 13, 2024
ANTICIPATED DURATION: 60 MINUTES

While FinCEN provided additional guidance to provide banking services to hemp-related businesses, there have been no updates relating to banking marijuana-related entities since 2014. This session will do a deep dive into the risk considerations for banking all risk levels of marijuana customers from growers to dispensaries to employees of those entities and will point out considerations senior management and board members should keep in mind if deciding to bank a marijuana-related business (MRB). As the number of states with some form of legalized cannabis product grows, the need to align your policy and procedures with your board’s appetite for risk grows. We will provide an overview of a risk-based cannabis program and demonstrate how to align risk with current regulatory guidance.

Learning Objectives:

  • Learn what risks to consider when banking MRBs
  • Review pricing strategies for MRB accounts
  • Discuss third-party considerations

MEET THE SUBJECT MATTER EXPERT

Wipfli brings the curiosity needed to uncover what’s been overlooked. Our ingenuity helps create unexpected results. Our team of more than 3,200 associates works together to bring integrated solutions to turn data into insights, to optimize workflows, to increase margins and to transform through digital innovation. Others see problems. We see possibilities.

Our people are eternal students, bringing cross-industry experience and creativity to help clients see beyond today’s most complex business challenges.

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Time

(Monday) 9:00 am(GMT-06:00)

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