Resources

Cannabis Banking Due Diligence Concerns

Cannabis Banking Due Diligence Concerns

by | Oct 23, 2020 |

Ancillary cannabis business compliance and risk personnel can use this resource to assist them when conducting due diligence on commercial cannabis business customers. This resource will help you understand general risks to consider, as well as specific risks associated with brand companies and different commercial cannabis industry sectors.

This infographic is intended for:

  • Compliance Managers
  • Compliance Analysts
  • BSA/AML Officers
  • AML Analysts
  • Risk Managers
  • Risk Analysts

Produced by Jontae James for the “Cannabis Banking Due Diligence – Deep Dive” Webinar.

Cannabis Banking Lead Director Checklist

Cannabis Banking Lead Director Checklist

by | Oct 1, 2020 |

Financial institution boards of directors and executives can use this checklist to guide the conversation on selecting a lead cannabis banking director, their major activities, and reports the board may want to review.

This checklist is intended for:

  • Financial institution board members
  • Financial institution executives
  • Financial institution compliance and risk functions

Produced by Joe Bonner for the “Cannabis Banking in the Boardroom: Risk Management” Webinar.

Cannabis Supply Chain Risk Management Fact Sheet

Cannabis Supply Chain Risk Management Fact Sheet

by | Jun 17, 2021 |

Save your business time and money by understanding the highest risk issues that the cannabis product supply chain exposes you to and how to manage those risks efficiently and effectively. This fact sheet will provide you with best practices for inventory and relationship management as well as how compliance and QA processes are critical to managing supply chain risks.

This fact sheet is intended for:

  • Commercial cannabis risk officers
  • Commercial cannabis compliance officers
  • Commercial cannabis CEOs
  • Commercial cannabis COOs

Produced by Elise Serbaroli for the ACCCE webinar De-Risking the Supply Chain.

Commercial Cannabis Business Board Report for Financial Institutions

Commercial Cannabis Business Board Report for Financial Institutions

by | Jan 5, 2021 |

Financial institution compliance executives can use this resource to assist them with implementing a robust, formally documented commercial cannabis business board report. Use ACCCE’s editable board report template document to provide your board with information specific to your cannabis banking program, including the effect of this client segment on the overall risk profile and suspicious activity reporting, the outcome of any recent audits, and an identification of Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs).

This job aid package includes:

  • Commercial Cannabis Business Board Report for Financial Institutions Background document
  • Commercial Cannabis Business Board Report for Financial Institutions Template document
  • High-level board overview PowerPoint slide to include with your board report

This job aid package is intended for:

  • Financial institution executives
  • Financial institution compliance and risk functions
Compliance Policy Checklist

Compliance Policy Checklist

by | Jan 18, 2021 |

Commercial cannabis risk managers and compliance officers can use this checklist to draft a formal compliance policy that will address their company’s adherence to applicable laws and regulations and internal standards. This checklist walks through the major components of a robust compliance policy.

This checklist is intended for:

  • Commercial cannabis business owners
  • Commercial cannabis business risk managers
  • Commercial cannabis business compliance managers

Produced by Vijay S. Choksi, Esq. for the “Introduction to Compliance Management – Establishing the Culture of Compliance” Webinar.

Compliance Risk Assessment Reminders

Compliance Risk Assessment Reminders

by | Mar 12, 2021 |

Cannabis risk officers, obtain expert risk assessment guidance quickly with this printable resource designed to help you identify the first steps you should take when implementing a compliance risk assessment. This resource will give you an understanding of how to evaluate your business’s inherent risks, determine impact and severity, document your control environment, and employ an effective risk mitigation plan.

This fact sheet is intended for:

  • Commercial cannabis risk officers
  • Commercial cannabis compliance officers

Produced by Laura Davis for the ACCCE webinar Compliance Management Best Practices: Putting the Risk Assessment to Work for You

Comprehensive Cannabis Banking Program

Comprehensive Cannabis Banking Program

by | Oct 6, 2020 |

Financial institution boards of directors and executives can use this resource to assist them when considering cannabis banking, or expanding a cannabis banking program. This one-pager will help you identify material due diligence processes, internal controls, and best practices to check your cannabis banking program against.

This checklist is intended for:

  • Financial institution board members
  • Financial institution executives
  • Financial institution compliance and risk functions

Produced by Andy Montgomery for the “Cannabis Banking in the Boardroom: Risk Management” Webinar.

Control Maturity Framework

Control Maturity Framework

by | Jun 6, 2022 |

Level: Beginner

As part of the risk-based approach, the Risk Officer should be able to identify the control maturity expected by the company. A Control Maturity Framework allows the company to consider its control expectations against its inherent risk to determine the strength of its risk-based quality of controls, giving a more accurate residual risk. It also provides the context for prioritization and depth of management responses to third-party findings. Understanding the control maturity expectation allows the company to apply the proper level of control based on its size and maturity, enhances the residual risk analysis of the risk assessment, and provides context for prioritization and management responses to third-party findings.

For example, ACCCE describes an Incomplete Control Framework this way. The capabilities have been reviewed to manage the risk, but show areas needing improvement or have not been validated for effectiveness.
Minimum requirements:
• Documented management control structure identifying responsibility and ownership

 

This resource is intended for:

  • Cannabis Compliance Managers and Officers
  • Cannabis Risk Managers and Officers
  • Professional Service Providers
  • Regulators
Crisis Management Policy and Objective Template

Crisis Management Policy and Objective Template

by | Apr 22, 2022 |

Level: Intermediate

There may be an occasion when a commercial cannabis business faces a crisis, whether internal or external, and the business should be prepared to respond with a crisis management program to ensure public safety and business continuity. A crisis is an emergency or adverse act that threatens a commercial cannabis business’s facility, employees, customers, stakeholders, or the industry as a whole.

ACCCE and WJCousins and Associates, an ACCCE Thought Leader alliance member, developed this Crisis Management Policy and Objective Template to help you implement a Crisis Management Program that prepares the business for a potential crisis. This policy and objective template identifies the Company’s intended outcome for a crisis as well as the qualified employee to design and implement the program.

This resource is intended for:

  • Commercial Cannabis Businesses
  • Risk and Compliance Officers
Back to Commerical Cannabis Insights