Risk Assessment
& Policies

The cannabis industries are continually expanding and will inevitably reach all institutions. It is critical to establish meaningful and effective cannabis banking governance structures.

Cannabis Banking
Consulting

You will have questions and we have the answers! Gain access to our professional advisors for timely, thoughtful and practical answers to your cannabis-related questions. We cut through the legalese and regulatory changes to get you what you need for sound risk management.

  • Immediate phone & email access
  • Marijuana, hemp, CBD, BSA answers
  • Board presentations & discussions
  • Regulator meeting preparation & presentations
meeting1
setup1

Cannabis Banking
Risk Assessment

Do you have a Cannabis Banking Risk Assessment?

It is a regulatory expectation that financial institutions develop
and maintain a Cannabis Banking Risk Assessment whether you intend to bank the sector or not. Your Cannabis Banking Risk Assessment is then used as your foundation for your Cannabis Banking Policy.

Undertaking the risk assessment can be a daunting task. We work closely with our clients to:

  • Develop customized CRB Risk Assessments
  • Provide a snapshot of your CRB risk profile
  • Formulate an Action Plan to address the controls needed to effectively identify, measure, monitor and manage risk associated with providing financial services to direct and indirect marijuana-related businesses, hemp and CBD customers, as applicable
  • Establish a sound cannabis banking infrastructure that will stand up to regulatory scrutiny

Cannabis Banking
Policy Development

Going hand-in-hand, or a la carte with our Cannabis Banking Risk Assessment, we work closely with you to develop your Cannabis Banking Policy to provide a sound guidance structure and reflect your specific risk appetite. Through the policy development process, you will:

  • Gain insight into the critical factors that need to be considered to effectively administer your Cannabis Banking Program, based on the sector(s) to which you plan to offer financial services
  • Establish a governing document to guide compliance throughout your institution
  • Create a mechanism through which the Board can effectively oversee the Cannabis Banking Program
  • Effectively fulfill regulatory requirements and expectations
banking1