Master cannabis banking for a lucrative 2024. Discover the legislation and current compliance requirements.

Financial services professionals who understand cannabis banking will be in enormous demand in 2024. Begin the year by mastering the legal landscape and specific practices you can use to build a lucrative program to serve the cannabis industry.

In September, the Senate Banking Committee approved a bipartisan cannabis banking bill. You must understand the SAFER Banking Act and prepare for compliance.

An ACBP credential is the key to unlocking your potential in cannabis banking. It will demonstrate to employers and examiners that you have a comprehensive understanding of the fundamentals of this new market, from compliance to business development to operations. This certification will make you a valuable asset for any financial institution.

As an ACBP, you will know how to speak confidently and knowledgeably about the industry. You will be able to differentiate between various types of cannabis businesses and risk-rate products and services, including lending. Your familiarity with state law and federal guidance will enable you to apply this knowledge to the practice of cannabis banking through your understanding of the four basic cannabis banking workflows:

• Initial Due Diligence and Risk Rating
• Sales Validation
• Ongoing Due Diligence and Account Monitoring
• FinCEN Reporting

Accredited Cannabis Banking Professional Certification

Session 1: Introduction To Cannabis

• Terminology
• Federal status and FinCEN's guidance (FinCEN)
• State/territory marijuana and hemp programs

Session 2: Understanding Cannabis Businesses

• Defining cannabis businesses
• Restrictions and limitations
• The business of cannabis: from license application to daily operations

Session 3: Assessing Risk

• Categories of risk
• Risk mitigation strategies
• Risk-rating CRBs by type

Session 4: Financial Modeling

• Factors that define market opportunity: CRB type, geography, regulations, etc.
• Strategic goals: Accommodate, Pursue, Innovate
• Costs to the financial institution

Session 5: Building A Cannabis Banking Program

• Cannabis banking policies
• Cannabis banking procedures
• Products and services
• Bringing a program to the Board

Session 6: Running A Cannabis Banking Program

• Account onboarding and enhanced due diligence
• Cash handling
• Market outreach

Session 7: Monitoring CRB Accounts

• What is “normal and expected” activity?
• Red flags
• Taking corrective action
• FinCEN reporting

Session 8: Case Studies & Frequently Asked Questions