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Marijuana & Hemp Update 2022

This is a 2022 update on hemp and marijuana and may help you shape your decisions about how to move forward as our states and government authorities set the parameters for banking this new industry.

OnDemand
Recorded Thursday,
April 21st, 2022
Presented by Deborah Crawford
2h total length
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Lending
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Compliance Officer
  • Deposit Operations Manager/Specialist
  • Loan Operations Manager/Specialist
  • Risk Manager
  • Senior Management
  • Small Business Lender

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As states move forward in both marijuana and hemp, the federal law lags behind in the area of marijuana. Hemp on the other hand has been on a journey from the Farm Bill 2018 to the USDA regulations issued at the end of 2019. Where are we now? What is FinCEN’s position on hemp and marijuana? During this program we will discuss how to check your state statutes, understand where we are now both federally and on the state level with hemp and marijuana. As the federal government makes way for a new brand of hemp customers, we have to make decisions about banking hemp and what our policy and procedures would look like. FinCEN has BSA expectations but the good news is that these don’t include filing SARs on hemp customers and related businesses. This is a 2022 update on hemp and marijuana and may help you shape your decisions about how to move forward as our states and government authorities set the parameters for banking this new industry.

What You'll Learn

  • Understanding the current USDA regulations on Hemp
  • Learn how your state law can impact the decision to bank hemp customers
  • What is FinCEN’s position on hemp? On marijuana?
  • What would be the BSA considerations and risk to our financial institution
  • Writing your hemp and marijuana policy
  • Build your questionnaire, risk assessment, CIP, Beneficial Ownership Procedures
  • Monitoring and measuring risk

What you will receive:

  • 50 state chart on marijuana and hemp

Who Should Attend

BSA Officers, Compliance Officers, Operations, Lending and Management.

Deborah Crawford

Instructor Bio

Deborah Crawford is the President of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.

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