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Banking Cannabis in Today’s Environment
Robert Casares and Tom Fleming

This webinar will inform executives and compliance professionals at financial institutions that aspire to serve the marijuana industry. Unlike general sessions that offer a vague overview of the business of marijuana, this webinar will focus specifically on the current state of marijuana regulations and best practices for banking cannabis that impact banking today.

Price: $299.00


This is a virtual event, accessible online and over the phone. Access instructions will be provided after registration.
Banking Cannabis in Today’s Environment

As more states and municipalities legalize marijuana for medical and recreational use, legitimate businesses in this sector seek financial services.

NBC recently reported that the legal marijuana industry amassed $10.4 billion in revenue in the United States in 2018. Revenue is expected to reach $16 billion this year and will continue to grow. As this industry booms, cannabis business owners need to find places to store all that money and have an increasing need for banking support. Your institution is well-positioned to reap the profitable rewards by adding these valuable customers to your portfolio.

Marijuana-Related Businesses (MRBs) are now legal in many states. You need to understand state and local laws and cannabis regulations, in addition to federal guidelines to serve this industry. Companies are looking for community banks and credit unions that understand the landscape and will protect their financial interests.

Our subject matter experts and former bankers, Robert Casares, CAMS, and Tom Fleming, CAMS, will discuss the current state of marijuana regulations and best practices for banking cannabis. They will share resources to address many questions you may have about banking MRBs. For example, they will cover the Cole Memorandum, Jeff Sessions’ rescission of that guidance, FinCEN’s guidelines on serving the industry, potential legislation, examination procedures, and strategies for remaining compliant.


You will learn answers to the following questions:

  • How do the conflicts between federal, state, and local cannabis laws affect banking?
  • What financial services do marijuana businesses commonly need?
  • What are the specific risks of banking cannabis?
  • What regulations must your institution follow?
  • Should your institution apply guidance from the Cole Memorandum?
  • What are the FinCEN guidelines for serving the marijuana industry?
  • What are the Bank Secrecy Act (BSA) expectations for financial institutions that provide services to marijuana-related businesses?
  • What are the meanings of the three key terms that FinCEN suggests be used when filing a Suspicious Activity Report (SAR)? When should you use each of these?
    • Marijuana Limited
    • Marijuana Priority
    • Marijuana Termination
  • How are related businesses, such as manufacturers of hemp products and hydroponic equipment, affected by banking regulations?
  • What potential legislation related to banking cannabis are lawmakers considering?
Price: $299.00



Robert Casares
Tom Fleming


  • Access your training anywhere, with a computer, tablet or smartphone.
  • Engaging and up-to-date training to support your career and your organization.
  • Handouts you can distribute to your board and staff.