Training - Certified Cannabis Banking Professional Certification Version 2

CCBP version 212 hr 5 min

• Section 1 - Marijuana 101

  Within this course, we will discuss the evolution of marijuana from its historic uses to present day status. We will tie in this evolution to the impact on the banking industry and what it means in terms of customer due diligence, enhanced due diligence and the development of standalone Cannabis Banking Compliance Programs that must support the offering of financial services to the marijuana industry.

• Handout - Marijuana 101
• Video - Marijuana 101 1 hr 0 min
• Quiz - Marijuana 101
• Section 2 - Hemp 101

  Given the legalization of hemp under the 2018 Farm Bill, this course will address the pathway to legalization of hemp, how it is defined under Federal law and the impact to financial institutions in offering services to hemp-related businesses. We will discuss the administration of hemp production in the United States through the USDA and the due diligence and monitoring that must be performed when opening accounts for hemp-related businesses.

• Handout - Hemp 101
• Video - Hemp 101 0 hr 50 min
• Quiz - Hemp 101
• Section 3 - Explaining CBD

  This course will address CBD sources and uses and present-day treatment and legality under Federal law and FDA standards. Given the issues identified with CBD-related businesses highlighted by the FDA in 2019 and 2020, we will address how these issues could impact the risk of opening accounts and providing other financial services to CBD-related entities.

• Handout - Explaining CBD
• Video - Explaining CBD 1 hr 0 min
• Quiz - Explaining CBD
• Section 4 - Banking Direct MRBs

  We will walk participants through the definition of direct cannabis-related businesses and provide examples of direct MRBs. We will address the process of identifying direct MRBs at the time of account opening, through ongoing monitoring and the controls required for effective administration of such accounts through a financial institution’s Cannabis Banking Program. Additionally, we will address how the CRB Program should be incorporated into the Bank Secrecy Act Compliance function.

• Handout - Banking Direct MRBs
• Video - Banking Direct MRBs 1 hr 15 min
• Quiz - Banking Direct MRBs
• Section 5 - Understanding Indirect MRBs

  This course will address how indirect cannabis-related businesses are defined and provide examples of indirect MRBs. We will address the identification and monitoring of such businesses and how these controls must be incorporated into a financial institution’s Cannabis Banking program. Additionally, we will address how the CRB Program should be incorporated into the Bank Secrecy Act Compliance function.

• Handout - Understanding Indirect MRBs
• Video - Understanding Indirect MRBs 1 hr 0 min
• Quiz - Understanding Indirect MRBs
• Section 6 - CRB Legality: Past to Present

  Given the dichotomy between state and Federal law posed with the legalization of medical marijuana, we will address the legality of cannabis covering marijuana, hemp and CBD, with specific focus on the legality of marijuana-related businesses. We will review the evolution from medical to recreational legalization across the United States, Federal legislation  and guidance that has been issued, and that which is pending.

• Handout - CRB Legality: Past to Present
• Video - CRB Legality: Past to Present 1 hr 0 min
• Quiz - CRB Legality: Past to Present
• Section 7 - Determining Your Risk Appetite

  This course is designed to assist financial institutions in determining their risk appetite in providing financial services to cannabis-related businesses across the spectrum of marijuana, hemp and CBD. We will walk participants through the full scope of the risk assessment process from the identification of inherent risks of key components, discuss mitigating controls and how participants can then arrive at residual risk levels. The process for determining component and composite ratings and wrapping the risk assessment into an Action Plan and Cannabis Banking Program will be reviewed.

• Handout - Determining Your Risk Appetite
• Video - Determining Your Risk Appetite 1 hr 0 min
• Quiz - Determining Your Risk Appetite
• Section 8 - Creating Your Cannabis Banking Policy

  Upon completion of the Cannabis Banking Risk Assessment, a financial institution must use the risk assessment as the foundation for its Cannabis Banking Policy. We will address the requirements for a sound and effective Cannabis Banking Policy and how that policy should be administered on an ongoing basis.

  
  
  

• Handout - Creating Your Cannabis Banking Policy
• Video - Creating Your Cannabis Banking Policy 1 hr 0 min
• Quiz - Creating Your Cannabis Banking Policy
• Section 9 - Meeting With Your Regulators

  For institutions that wish to bank cannabis-related businesses, we will address key talking points in preparation for meeting with the regulators. From the creation of the financial institution’s Cannabis Banking Risk Assessment and Policy to the development of key documents and controls to effectively administer the offering of financial services to cannabis-related businesses, we will walk participants through the process of presenting a CRB Program to their primary Federal and state regulators.

  
  
  

• Handout - Meeting With Your Regulators
• Video - Meeting With Your Regulators 1 hr 0 min
• Quiz - Meeting With Your Regulators
• Section 10 - CRB Due Diligence & Administration

  Due diligence and enhanced due diligence, as well as ongoing monitoring and administration of cannabis-related account relationships will be addressed. The incorporation of such protocol into a financial institution’s Cannabis Banking and Bank Secrecy Act Programs will be discussed. Industry practices and regulatory expectations for due diligence and enhanced due diligence will be reviewed.

• Handout - CRB Due Diligence & Administration
• Video - CRB Due Diligence & Administration 1 hr 0 min
• Quiz - CRB Due Diligence & Administration
• Section 11 - Lending to Cannabis - Related Businesses

  To date, much of the focus on offering financial services to cannabis-related businesses has been focused on depository services. However, there are lending considerations that must be addressed in terms of lending to marijuana, hemp and CBD-related businesses. This course will address those considerations and best practices in establishing cannabis lending programs.

• Handout - Lending to Cannabis - Related Businesses
• Video - Lending to Cannabis - Related Businesses 1 hr 0 min
• Quiz - Lending to Cannabis - Related Businesses
• Section 12 - Cannabis Banking: Due Diligence for Financial Institutions That Don’t Bank CRBs

  Given the scope of the cannabis industry, it is inevitable that financial institutions will need to address the offering of financial services to marijuana, hemp and CBD businesses, as well as to employees of cannabis-related businesses. There remain some financial institutions that wish to avoid the cannabis-related space altogether. This course is designed to assist those institutions in establishing Cannabis Banking Programs that do not wish to offer financial services to CRBs.

• Handout - Cannabis Banking: Due Diligence for Financial Institutions That Don’t Bank CRBs
• Video - Cannabis Banking: Due Diligence for Financial Institutions That Don’t Bank CRBs 1 hr 0 min
• Quiz - Cannabis Banking: Due Diligence for Financial Institutions That Don’t Bank CRBs