June 15, 2022
Cannabis and Hemp Banking Virtual Conference
12:00 PM - 3:00 PM ET / 11:00 AM - 2:00 PM CT
Do you know the difference between banking cannabis vs. banking hemp? You may have account holders supporting these industries without being aware, because they are not directly involved. Should this matter to you? Yes! The electrician installing grow lights or the plumber installing a hydroponic system would be indirectly involved. According to industry research, there are more people working in the cannabis industry than there are dental hygienists in the United States today.
Join this interactive conference to hear from experts on the current state of the industry and how financial institutions need to prepare for the future. Even if you don’t think your institution has accounts in this space, you might just be surprised!
Attend this virtual conference and discover the answers to:
- What is the SAFE Banking Act and why is it so critical?
- What are the politics of cannabis and what is Nacha’s take on cannabis banking?
- What are the major payment related issues faced by the cannabis industry?
- What are current and future considerations for cannabis and hemp banking?
The continued growth of legalized cannabis usage for adults and the 2018 removal of hemp as a controlled substance have opened two doors for financial institutions: the opportunity to offer banking services to this emerging industry; and the challenge of understanding and managing the associated risks. Now we’re in a situation where financial institutions are looking to onboard these businesses, but don’t understand the risks. Others are finding they already have industry related businesses as accountholders. All of them are asking the questions:
- How do I handle this?
- What are the potential impacts?
- What guidance is available?
Attend Wespay’s first annual Cannabis and Hemp Banking Virtual Conference to get these answers and more.
12:00 - 12:30 pm ET
What is the SAFE Banking Act and Why is it So Vital
Mike Pellicciotti, Washington State Treasurer
12:30 - 1:00 pm ET
The Politics of Cannabis: Will the Safe Banking Act Pass?
Bill Sullivan, Senior Director and Group Manager, Government and Industry Relations, Nacha
1:00 - 1:30 pm ET
Cannabis Banking: An Industry Perspective
Erica El Hilali, AAP, Head of Account Management, PayQwick
1:30 - 2:00 pm ET
Banking the Cannabis and Hemp Industry
Alan Hanson, Attorney, Gleam Law
AAP/APRP Credits Pending
Member Price: $259
Note: This virtual session is not included in any of our Platinum Membership benefits.