Cannabis and Hemp Banking

Cannabis Banking Square

May 11, 2021

11:00 am Eastern | 10:00 am Central | 9:00 am Mountain | 8:00 am Pacific

This presentation will cover the current landscape of federal and state law for banks that have – or are contemplating – banking cannabis and/or hemp customers. We will provide an overview of the state of play regarding state legalization of cannabis (both medical and recreational), and what that still means in light of existing federal law and bank regulator oversight.

We will also provide an overview of regulations issued by the USDA and the current federal landscape for hemp, including FDA guidance (or the lack thereof!). 

The presentation will also address risk management when banking cannabis and/or hemp customers, as well as how to implement appropriate policies and procedures even if your bank has decided not to bank cannabis and/or hemp customers.

Major Topics:

  • Views of state and federal law enforcement and regulators
  • Systems and procedures needed to service the cannabis and hemp industries
  • How regulators have been supervising banks that service a cannabis or hemp business
  • Cannabis and hemp banking in the Biden administration”

ICBA Members: $199
Nonmembers: $299
Unlimited Webinar Pass subscription: $0

1

Erin F. Fonté

Partner

Hunton Andrews Kurth

Heather Archer Eastep

Partner

Hunton Andrews Kurth