I have visited with several CEOs and Compliance Officers of a financial institutions looking into Cannabis Banking, and here are 4 initial questions I get asked the most:
- How do I learn about all the laws, regulations and legislation regarding the cannabis industry and how do I stay up to date?
- What are the staffing requirements of a fully established cannabis banking program?
- What is the most effective way to educate my board of directors on the risks and rewards of a cannabis banking program?
- What does a comprehensive cannabis banking program look like, and how has it been received by regulators?
HDCS can customize an assessment for your financial institution to help you not only formulate but to also answer the questions that you need to ask as you explore the risks and rewards of cannabis banking.
Visit our website at hdcompliance.com.