Management would like to cautiously bank “just one really good” customer who is getting into cannabis sales. Can we ease into it like this, and if so, what should we focus on?
I’m so confused! I keep hearing about the “SAFER Banking Act”. How is that different from the “SAFE Act” from several years ago? Is it being updated?
I’m trying to understand the marijuana “Cole Memo” because my bank is thinking about banking cannabis customers. Is there more than one Cole Memo, and is it even still effective? It seems like a mess!
My State has not yet legalized marijuana. Do I still need to know anything about cannabis banking?
From a banking perspective, what is the difference between cannabis, hemp, and CBD? We don’t offer a cannabis banking program (yet), but I’m certain I’ve seen CBD products for sale at some of our customer’s retail businesses. I hate to even ask, but is this OK?
Must we file a SAR on a cannabis customer even if nothing suspicious is going on?
What is the big deal about using a personal account for business purposes?
What is a funnel account?
How does a business email compromise work?
What typologies are around for disaster relief fraud?