Tuesday, June 15, 2021
2:00 – 3:00 pm (Eastern Time)
1:00 – 2:00 pm (Central Time)
12:00 – 1:00 pm (Mountain Time)
11:00 – 12:00 pm (Pacific Time)
While still a Schedule 1 drug, legal marijuana sales are projected to reach $22 billion by 2022. With the passing of the 2018 Farm Bill and a majority of the 50 states passing laws to allow the sale of medical or adult use cannabis, Banks and Credit Unions face confusion and uncertainty when deciding whether to bank cannabis-related businesses.
In this cannabis banking webinar, you will learn:
- Factors to consider in deciding whether or not your institution is ready to take on cannabis banking
- Steps you need to consider in building your cannabis banking program
- Best practices and lessons learned from institutions currently banking the industry
- Deciding not to bank cannabis – and keeping it that way
Cori Wells, CAMS CFE
Cori Wells, BSA/AML/Fraud Compliance Officer at First Federal Bank, is responsible for developing and maintaining the bank’s anti-money laundering compliance program. Cori is passionate about protecting the financial system from illicit users and assisting law enforcement by creating an efficient and effective compliance program. Cori has experience in banking higher risk clients, including money services businesses and marijuana-related businesses while still satisfying regulatory requirements. Cori is a member of the Association of Certified Anti-Money Laundering Specialists and the Association of Certified Fraud Examiners. She received her Certified Anti-Money Laundering Specialist designation in 2013.
1.0 CPE Credits & 1.2 AAP Credits