Marijuana: Legislative Status Report Plus the IRS weighs in with Tax Information and FAQs

Wednesday, July 6, 2022
11:00 am - 1:00 pm Eastern

Many banks are moving forward with this business and making huge fees income. Where are we today on marijuana? What has happened to the SAFE Banking Act and the MORE Act?

Even with legislation stalling, the IRS is beginning to weigh-in on the marijuana business. This is big business! Banks are making a great deal of revenue from customers in the marijuana industry. This program is an update and a review on your legal requirements for marijuana related businesses.

What You Will Learn

• Definition of marijuana in your state
• Understanding the business of marijuana
• How marijuana related businesses work with the IRS
• Review key requirements for SARs, CIP and CDD
• IRS FAQs for marijuana
• Using third party vendors
• Building your business plan to handle customers in the industry
• Is it time to move ahead with or without legislative support on the federal level
  

Who Should Attend? 

Bank Management, BSA, Compliance, Marketing, Operations

Instructor

Deborah Crawford

Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 30+ years of combined teaching and banking experience.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by OnCourse Learning (Total Training Solutions)

If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Malia Widder, (614) 610-1877.