660 - How to Provide Financial Service for Cannabis Payments

660 - How to Provide Financial Service for Cannabis Payments
Session Time: 1:00 PM - 2:30 PM -- NACHA Sponsored Webinar - The cannabis industry continues to grow. Nearly 25 percent of the U.S. population lives in one of the 10 states that permit the recreational use of cannabis and 33 states have legalized its medicinal use. In addition, the Farm Bill signed into law on Dec. 20, 2018 legalized industrial hemp and its derived products on a federal level. However, the passage of this law only adds to the confusion, with states free to implement their own regulations of the hemp industry. Although the air surrounding cannabis payments are still hazy, it is clear that this industry is here to stay and only getting larger and more complex. Despite the fact that marijuana remains illegal at the federal level, a number of financial institutions are staking a claim in this $8 billion industry and offering financial services to marijuana-related businesses. This panel moves beyond discussions of drug policy, the Suspicious Activity Report (SAR), the
3/26/2019 1:00 PM - 2:30 PM
Webinar Webinar

Sign In