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Marijuana Banking: Taking the SAFE Path into 2020
The lucrative marijuana industry’s need for traditional banking products is increasing rapidly, but current laws make capitalizing on this potential cash cow a risky proposition for financial institutions. The Secure and Fair Enforcement (SAFE) Banking Act could alleviate some of these risks.
Join CSI’s Compliance Strategist Amber Goodrich to learn about this legislation and what it means for your institution, including:
- A brief overview of marijuana businesses in the banking industry and the associated challenges
- A discussion around legislation that could make banking marijuana related businesses (MRBs) easier
- Weighing the risks – practical advice for anyone currently banking or considering banking MRBs
Amber Goodrich, Compliance Strategist, CSI