715 banks and credit unions serve the U.S. cannabis industry and every state has at least one financial institution that serves cannabis businesses, based on FinCen. However, industry experts agree that EVERY bank has exposure and risk when they accept transactions from customers who might be associated directly or indirectly with the cannabis industry.
The Cannabis Banking Professional Certification (CBP) focuses on the unique challenges and regulatory considerations for banking cannabis-related businesses. This course is specifically designed to assist employees from front-line Tellers to support operations, risk and compliance professionals in understanding, identifying and correctly handling these activities. Even your Board of Directors needs to understand the implications of banking cannabis, even if you do NOT bank cannabis today!
BankersHub, the leader in financial services education for over 12 years, has launched the banking industry’s original Cannabis Banking Professional Certification, the Cannabis Banking Professional (CBP) through its Learning Management System, BankerCollege.
The NEW and REVISED certification will be broken into 15 sessions and focus on the following:
1. Cannabis Basics for Financial Institutions
2. The Regulation of Cannabis, Hemp, and CBD Businesses
3. Understanding CRB Businesses
4. Key Considerations for Banking Cannabis Businesses
5. Operational Factors for Developing Framework for Cannabis Banking
6. Insurance for CRBs
7. Cannabis Banking: Opportunities and Challenges
8. Hemp Banking: Opportunities and Challenges
9. BSA Risks of Banking High-Risk Customers
10. Applying BSA Laws and Demystifying Guidance on Banking High Risk Businesses
11. BSA Negative News Search
12. Leading Practices for Documenting Your BSA High-Risk Reviews and Performing Onsite Visits
13. Legal Marijuana and the Workplace: What Employers Need to Know
14. Lending to Hemp, CBD, and Cannabis Banking Customers
15. Seed to Sale: Banking Hemp, CBD and Hemp-Related Businesses with Live Case Study
Each session will test knowledge and retention with a brief quiz. Upon successful completion, attendees will receive a framed certificate of completion good demonstrating proficiency and good for two years.