ACAMS Colorado Chapter February Virtual Event: An Update to Cannabis Banking – The Evolution of Lending

Date/Time

Avaliable On Demand

Level

Beginner

Who Should Attend

Cannabis Bankers

Financial Services Regulators

Region

US

Industry

Banking

Financial Institutions (“FIs”) have been offering depository services to the cannabis industry since 1996 and according to FinCEN there are 706 FIs currently filing SARs on customers/members as of June 2022.  However, the cannabis industry has had to seek financing from non-traditional avenues of capital for their financing needs since 1996: personal investment, family, friends, hard money lenders, equity investments, and/or capital improvements via net profits.  The presentation will have an overview of banking cannabis and explore the requirements for FIs to compliantly lend to the cannabis industry.

moderator

ACCCE On Demand - ACAMS Colorado Chapter - An Update to Cannabis Banking – The Evolution of Lending

Bio

speaker

Brion Nazzaro, CCCE

President - ACCCE

Bio
Powered By MemberPress WooCommerce Plus Integration