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Considerations for regulated financial institutions in lending to the cannabis industry The truth is that there are multiple institutions that are providing depository services to

https://hdcompliance.com/wp-content/uploads/2021/09/Hd-State-Legalization-Copy-1.mp4 The list of states without a legalized cannabis program is now very short and getting shorter. Those states are: Idaho Indiana Kansas Kentucky Mississippi

Why “free” isn’t free in cannabis banking Why? Because, no matter how you look at it, adding a cannabis banking line of business adds a

https://hdcompliance.com/wp-content/uploads/2021/09/State-Legalization-Update-Copy-1.mp4 And since the election New York, New Mexico, Virginia and Connecticut have passed adult-use sales through the state legislature and signed into law by

Will the SAFE banking act commoditize banking services for the cannabis industry? As we move inexorably closer to the SAFE Banking Act becoming law, there

https://hdcompliance.com/wp-content/uploads/2021/09/Faq-When-Exploring-Cannabis-Banking-1.mp4  I have visited with several CEOs and Compliance Officers of a financial institutions looking into Cannabis Banking, and here are 4 initial questions I

https://hdcompliance.com/wp-content/uploads/2021/09/Cannabis-Banking-RealWorld-Success-Stories-Cautionary-Tales-copy.mp4This webinar, co-hosted by HDCS and RiskScout, will provide a brief update on pending legislation and outline what a successful cannabis banking program looks like.

https://hdcompliance.com/wp-content/uploads/2021/09/Could-Safe-Banking-Bill-Pass-2021-Copy-1.mp4 This week’s video Becky talks about Safe Banking: Last month, both the House (H.R.1996) and the Senate introduced bipartisan safe banking bills. If passed,

https://hdcompliance.com/wp-content/uploads/2021/09/Key-Considerations-For-Cannabis-Lending-1.mp4Lending to the cannabis industry is complicated, but it can be navigated safely and profitably. In this video, our CEO, Andy Montgomery, covers the key

Hemp is legal. Why is it still high-risk? (Updated) Before exploring the risks, let’s visit some other commonly asked questions: Question 1: What is hemp?

Is your institution’s cannabis banking program ready for prime time? It is difficult to enforce regulations that haven’t yet been written.  This has been the

A new day for the cannabis industry January 5th was a seminal day for the cannabis industry in the United States. In what most pundits

Do you need a new (and safe) profit center? More and more teams at financial institutions are exploring the idea of banking the cannabis industry

Those that acutely follow the cannabis industry and the path to legalization in various states know that the 2020 election was another watershed event for

SIMPLIFYA, NATURETRAK, and HDCS form Alliance to Deliver a Cannabis Banking Compliance Solution for Financial Institutions Denver, CO and Sacramento, CA, December 1, 2020 —

RA Explained: Part II The Age of COVID As I completed my last blog in which I recalled a story about the importance of why

Banking Cannabis: A Valuable Profit Center? The cannabis industry is among the highest risk segments a financial institution can bank.  In no other industry do

https://hdcompliance.com/wp-content/uploads/2021/09/Hd-Compliance-Scientists-And-Veterans-Sue-The-Dea-Copy-1.mp4 In this week’s video, I talk about a lawsuit taking place in my home State of Texas. A group of four hemp producers sued

https://hdcompliance.com/wp-content/uploads/2021/09/In-This-Weeks-Video-I-Talk-About-A-Lawsuit-Taking-Place-In-My-Home-State-Of-Texas-Copy-1.mp4 In this week’s video, I talk about a lawsuit taking place in my home State of Texas. A group of four hemp producers sued

https://hdcompliance.com/wp-content/uploads/2021/09/Hdcompliance-Nebraska-Copy-1.mp4  In this week’s video I talk about why Nebraska’s Supreme Court removed a medical marijuana initiative from this November’s ballot. Share on facebook Share

https://hdcompliance.com/wp-content/uploads/2021/09/Another-Win-For-Safe-Cannabis-Banking-Copy-1.mp4  California passed AB.1525, which provides protections for the State’s financial institutions servicing the cannabis industry, right before the end of the 2020 session.   Also

https://hdcompliance.com/wp-content/uploads/2021/09/Cannabis-Related-Lawsuits-Copy-11.mp4 This week’s video I talk about a lawsuit that could shake up the cannabis industry in the state of Florida. Share on facebook Share

Is it time to discuss the realities of cannabis in your bank with your board? By Andy Montgomery | CEO and Founder of HDCS |

Risk assessments explained by Chris Gunias Why Ask Why? A few years back, as the head of a compliance department at a large money services

Enhancing the enhanced customer due diligence Most bankers are remarkably familiar with customer due diligence; however, banks that allow higher-risk customers (casinos, jewelers, MSBs, etc.)

Why entry? Cannabis banking is safe & profitable. Industry Update Cannabis is legal in 32 states and the District of Columbia and is on the

https://hdcompliance.com/wp-content/uploads/2021/09/What-Is-On-The-Ballot-In-New-Jersey-Copy-1.mp4 What is on the ballot in New Jersey?     This week’s video I talk about New Jersey’s upcoming election and their current medical

https://hdcompliance.com/wp-content/uploads/2021/09/Both-Medical-Marijuana-And-Adult-Use-Marijuana-Initiatives-On-The-Same-Ballot-Copy-1.mp4 Both medical marijuana & adult-use marijuana inititatives on the same ballot?   Yes.   Welcome back to this week’s video on what I found

https://hdcompliance.com/wp-content/uploads/2021/09/Introducing-A-New-Forum-For-Cannabis-Information-Sharing-Copy-1.mp4 Introducing a new forum for cannabis information sharing!   In this short video, I talk about what I found most interesting in cannabis legislation

My Journey to Cannabis Banking Compliance The Wild West of Banking Compliance I began working in the compliance industry in January of 2003 when I

Cannabis Legislation Update & Why it Matters   Cannabis: What I Didn’t Know   When I began my career in banking more than 20 years

Can a financial institution “safely” bank cannabis? It all depends by what you mean by safe. I am not trying to be clever, but hundreds

Cannabis Banking: A Sustainable Profit Center for Your Institution? My opinion, surprisingly, is no. I do not recommend any institution wade into cannabis banking. With

Will the Cannabis SAFE Banking Act pass into law in 2020?  A separate SAFE Banking Act was passed in the House in 2019, but a

Hemp is legal. Why is it still high-risk? Before exploring the risks, let’s visit some other commonly asked questions: Question 1: What is hemp? Question

Cannabis Banking: Can it help financial institutions minimize the impact of a financial crisis? Consumer and business patterns will be inexorably changed and small to medium-sized

COVID-19, BANK LIQUIDITY AND LOST EARNINGS: HOW CANNABIS CAN HELP For banks that are concerned about liquidity or replacing income, management may want to evaluate

5 Things you need to know before your bank starts its cannabis program: How are you going to keep abreast of all the changing State

Have you had the cannabis talk with your bank? In fact, as they were preparing to dispatch me to someplace at which I would get

Cannabis: To Bank or Not to Bank… The HDCS, INC. Solution Those R’s are risk, return and resources. Any person that thinks banks don’t take

Banking Cannabis: What you need to know! 11 of those States have legalized both recreational as well as medical use and the issue of legalization

The clues and keys to safely banking the industry FinCEN provided initial guidance that has been applied by States to provide Safe Harbors for their