With competing state and federal laws, the issue of banking marijuana related businesses can be frustrating and confusing. Now that the State of Michigan will likely approve recreational marijuana licensees, there will be more cash accumulating in our communities and more risk to bank customers. Many government representatives have advocated for the need to provide banking services to marijuana related businesses, but doing so requires banks to "thread the needle" of risk, regulation, and reputation.
The CBM Marijuana Symposium cut through the fog of confusion and provided clear direction for banks that do or do not wish to bank marijuana related businesses.
Presentation materials will be sent to participants
Be sure and complete the symposium survey
One Mission!! Community Banks.