Has your Bank had the Cannabis Talk?

  • If you want to prevent cannabis money from entering your bank, you need to update your policy statements and implement a system of controls to ensure cannabis money doesn’t enter your system.
  • If you want to evaluate or test cannabis banking, you need to update policies and procedures AND implement best practices for customer due diligence and monitoring.
  • If you want to take advantage of the profitable new source of deposits, you need to evaluate your resources and ability to implement appropriate policies, procedures, controls, auditing, reporting and oversight to provide comprehensive regulatory footprint.

No matter where you fall on this spectrum, there are things you need to know and do. Attend this webinar to understand the status of laws and regulations and what a prudent and highly profitable cannabis banking program would look like for your financial institution.

Key topics include:

> Cannabis Industry 101

> Status of laws and regulations

> Cannabis banking

- Understanding the risks

- Understanding the rewards

- How to bank cannabis, safely

> Key takeaways + Q&A


Andy Montgomery, Chief Executive Officer, HDCS

Andy is an entrepreneur with more than 25 years of experience in the banking industry that includes being the CEO and founder of a community bank. He has held various leadership positions for regional and large financial institutions with a focus on digital transformation. This background makes him uniquely qualified to understand what community banks must do to compete in a world that is already digital.

Pat Nicholson, Chief Revenue Officer, HDCS

Pat has more than 25 years of high-tech experience that includes 16 years at Apple, Inc. and 10 years leading marketing and growth for venture-backed startups in Silicon Valley. Most recently, he served as the CMO for Deserve, Inc., a company in the Accel portfolio that is pioneering Credit Card As A Service for financial institutions.

Has your Bank had the Cannabis Talk?

Tuesday, June 2, 2020

9-10 AM

Please share this invitation with your executives and compliance staff who are interested in learning more about what a highly profitable, yet prudent, cannabis banking program looks like.

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