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

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?

OnDemand
Recorded Thursday,
July 14th, 2022
Presented by Deborah Crawford
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Compliance
  • Deposit Accounts
  • Deposit Operations
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Compliance Officer
  • Marketing Officer/Business Development
  • Senior Management

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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'll 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.


Deborah Crawford

Instructor Bio

Deborah Crawford is the President of Gettechnical Inc., a Florida 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 35+ years of combined teaching and banking experience.