Accredited Cannabis Banking Professional Certification
10-01 to 11-19-2024 1:30 PM EST.
8 Live Sessions. 60 minutes Each. Every Tuesday.
Many financial institutions have already entered the cannabis banking business or are seriously considering it where law and regulation permit. Others need to decide whether they are ready to serve this booming industry. With the cannabis market expected to reach $72 billion by 2030, bankers and institutions have a growing opportunity. Expertise in cannabis banking is crucial for career advancement, and mastering the legal landscape and banking opportunities allows you to serve this rapidly growing market.
The Accredited Cannabis Banking Professional (ACBP) credential empowers you to unlock your potential in cannabis banking and helps your bank find its niche. With ACBP, financial institutions and examiners can see your grasp of the fundamentals, from compliance to business development to operations, making you an asset to any institution. Gain confidence in distinguishing between cannabis business types and risk-rated products/services while navigating state laws and federal guidance. Understand the four core cannabis banking workflows: initial due diligence and risk rating, sales validation, ongoing due diligence and account monitoring, and FinCEN reporting.
The cannabis banking landscape is changing quickly, with the Senate Banking Committee recently approving a bipartisan cannabis banking bill. It is crucial to understand the SAFER Banking Act requirements, which may become the federal model for compliance.
The cannabis banking landscape is changing quickly, with the Senate Banking Committee recently approving a bipartisan cannabis banking bill. It is crucial to understand the SAFER Banking Act requirements, which may become the federal model for compliance.
What You’ll Learn
During this 8-session cannabis banking training, which leads to your ACBP professional certification, our expert speaker will cover:
During this 8-session cannabis banking training, which leads to your ACBP professional certification, our expert speaker will cover:
- Initial due diligence and risk rating
- Sales validation
- Ongoing due diligence and account monitoring
- FinCEN reporting
- PDF versions of presentation slides and additional materials
- One certification exam attempt
Accredited Cannabis Banking Professional Certification Session Outline
Session 1: Introduction to Cannabis
Session 1: Introduction to Cannabis
- Terminology
- Federal status and FinCEN's guidance
- State/territory marijuana and hemp programs
Session 2: Understanding Cannabis Businesses
- Defining cannabis businesses
- Restrictions and limitations
- The business of cannabis: license application to operations
Session 3: Assessing Risk
- Categories of risk
- Risk mitigation strategies
- Risk-rating cannabis-related businesses (CRBs)
Session 4: Financial Modeling
- Market opportunity: CRB type, geography, regulations
- Strategic goals: Accommodate, pursue, innovate
- Financial institution costs
Session 5: Building a Cannabis Banking Program
- Cannabis banking policies
- Procedures and products/services
- Program approval by the Board
Session 6: Running a Cannabis Banking Program
- Account onboarding and enhanced due diligence
- Cash handling
- Market outreach
Session 7: Monitoring CRB Accounts
- Normal and expected activity
- Identifying red flags
- Taking corrective action
- FinCEN reporting
Session 8: Case Studies & FAQs
Live Session
Certification
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Add On Demand Recordings to your Live Sessions
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Recommended Audience
Who Should Attend?
- Co-founder of Green Check Verified
- Director of program development
- Oversees the development and management of compliance programs
- Experienced solution and deployment/support architect who has lead enterprise-scale digital transformation and mobile enablement initiatives across retail, healthcare, and education
