Canna Law Blog

Marijuana loan lawsOn January 27, Robert McVay, our firm’s lead cannabis business lawyer, will be putting on a webinar on Lending to Marijuana Businesses. The National Business Institute will be webcasting this seminar from 10 a.m. until 11:30 a.m., Pacific Time. NBI describes this seminar as follows:

In order to best assist your marijuana clients, you need to be well versed on the specific laws, regulations, recent legislation and requirements that surround commercial lending to marijuana businesses. In this program, experienced faculty who know the in’s and out’s of this niche industry will detangle credit risks, FinCEN guidance and applicable drug laws so that you can overcome common obstacles that frequently arise.

This seminar will teach you the following:

  • How the Controlled Substances Act affects the marijuana industry’s access to banking.
  • How to review credit risks for banks that want to provide services in this area.
  • How to interpret the Department of Justice’s memoranda – what does it mean, exactly?
  • How to handle the latest due diligence requirements, risk assessment mandates, and required reporting for financial institutions.

This program is designed for attorneys who represent marijuana businesses, commercial bankers, lenders, accountants, and paralegals and its course content will focus on the following:

  • How the Controlled Substances Act Affects the Marijuana Industry’s Access to Banking
  • State Legalization vs. Federal Drug Laws
  • Credit Risks for Banks That Want to Provide Services in This Area
  • Interpreting the Department of Justice’s Memoranda
  • Current Regulatory Structure for Banks
  • FinCEN Guidance: Due Diligence, Risk Assessment Mandates for Financial Institutions, and Required Reporting
  • Why Don’t we Have a Marijuana Bank? Industry Concentration and Safety and Soundness Considerations
  • Update on Federal Legislation
  • Update on Selected States

Robert heads up our firm’s cannabis banking practice and he represents a number of financial institutions on their cannabis banking and lending matters. Robert is frequently interviewed on cannabis banking and cannabis financing issues and he has written a number of articles related to those topics including the following:

Robert’s talk will no doubt be an enlightening one and we urge you to go here to sign up.

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The Canna Law Blog™ is a forum for discussion about the practical aspects of cannabis law and how it impacts those involved in this growing industry. We will provide insight into how canna businesspeople can use the law to their advantage…

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Please be mindful that possessing, using, distributing and selling marijuana are all federal crimes and that this blog is not intended to give you any legal advice, much less lead you to believe that marijuana is legal under federal law.