Managing Customer Risk in the Cannabis (or Cannabis-Adjacent) Space


As financial institutions, how can we manage our regulatory and business risk if we choose to engage with customers in the large and rapidly-evolving cannabis industry? Even if we do not accept customers who are directly in the business of growing, storing, transporting or selling cannabis, do we have customers with “second-tier” or “third-tier” relationships with such cannabis businesses? The answer is likely yes (whether we know it or not), so we still face a certain level of risk related to that industry, which is unique in its current split legal status at the local, state and federal levels. Our speakers will examine the kinds of issues we should be considering in accepting and dealing with these customers, and how we can best protect our institutions from unexpected adverse consequences.

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