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Thirty-three states have now legalized some form of marijuana. In addition, the Hemp Farming Act of 2018 legalized industrial hemp and hemp-derived CBD at the federal level – creating an entirely new industry with accountholders in need of deposit accounts, loans, and other financial products. Will your institution provide services to marijuana-related businesses? Hemp-related businesses? Both?
Many financial institutions are hesitant to serve these businesses due to perceived risks and confusion about marijuana- and hemp-related laws. Where do you start? What are the risks? What initial and ongoing due diligence and reporting will be expected? This session will answer these questions and more.
For more information or to register CLICK HERE