Recorded: July 14, 2016
Length: 60 Minutes
Is your bank prepared to provide banking services to the budding marijuana industry?
In 2015, national legal marijuana sales grew to $5.7 billion up from $4.6 billion in 2014. Currently, 86 percent of Americans live in a state that allows some degree of legal marijuana use.* The marijuana industry, however, struggles with an inability to access banking services. If your community bank is looking to get involved in the banking of marijuana-related businesses, you’ll want to attend this webinar session!
Join us for a 60-minute webinar to discuss the systems and procedures needed to consider banking this industry, as well as the state and federal law enforcement and regulatory implications of servicing the marijuana industry.
*Source: ARCVIEW MARKET RESEARCH & NEW FRONTIER, The State of Legal Marijuana Markets 4th Edition, 2016
Presenter: Peter G. Weinstock
Peter Weinstock, Co-Practice Group Leader of the national firm of Hunton & Williams. Peter's practice focuses on corporate and regulatory representation of small ($10-15 million) to mid-size (several billion dollars) financial institutions.
1 CPE Credit
Program Level: Basic-Intermediate
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