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#2242113 - 09/08/20 01:46 PM CRB On Site Visit - ?
SmallBank3 Offline
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Joined: Nov 2019
Posts: 57
We are beginning to conduct our first on site visits to our potential cannabis related business customers. This is new territory for me so I'm curious what others are doing for these - what are you looking for, how are you documenting it, questions you asking? Any help would be greatly appreciated!

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#2242116 - 09/08/20 02:35 PM Re: CRB On Site Visit - ? SmallBank3
rlcarey Online
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Joined: Jul 2001
Posts: 79,625
Galveston, TX
First thing on my list would be to sample the products to make sure it was a legitimate operation grin

Sorry - couldn't help it. laugh
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#2242163 - 09/08/20 11:10 PM Re: CRB On Site Visit - ? SmallBank3
TryingtoComply Offline
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Joined: Apr 2013
Posts: 1,964
The West
LOL! Randy!!!!! Take me with you!

Just kidding, of course........ smile (I think.....)
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#2242172 - 09/09/20 01:17 PM Re: CRB On Site Visit - ? SmallBank3
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,625
Galveston, TX
Google: mrb site visit checklist

You should see a link to Cannabis Banking Policy from Sterling Compliance. In that document, it might give you some ideas.
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#2242186 - 09/09/20 03:53 PM Re: CRB On Site Visit - ? SmallBank3
P*Q Offline

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P*Q
Joined: May 2001
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Somewhere
Trying, are you registered on CBanc? If not, do so and search their document library.

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#2242194 - 09/09/20 05:18 PM Re: CRB On Site Visit - ? SmallBank3
#Just Jay Offline
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Joined: Oct 2006
Posts: 14,390
Cheeseheadland
I'd start with the gummies.
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#2242195 - 09/09/20 05:20 PM Re: CRB On Site Visit - ? SmallBank3
BrianC Offline
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Joined: Nov 2004
Posts: 6,310
Illinois
And then ask the owner if they are aware that the FDA has not approved CBD as an additive to food or drink. Or maybe after sampling the gummies you wouldn't care anymore! wink
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#2245772 - 11/23/20 02:20 PM Re: CRB On Site Visit - ? SmallBank3
StacyLitkeGCV Offline
New Poster
Joined: Nov 2020
Posts: 9
Focus on the Cole Memo priorities. For example, observe that they are not letting in minors, checking for IDs, asking for medical cards, etc. Look for product labels that state the products should not be consumed prior to driving, or kept away from minors. Observe the volume of sales being conducted, and compare to deposit volumes for reasonableness. For example if there were 1-2 sales of say $50 a piece while you were there, does that jive with $150k in deposits for a day? Make sure sales are occurring through the front door with all the protections, and not around back.

I know this is a late reply, but I just joined the forum and saw your question. Hope this helps!

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