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The Cannabis Conundrum – Understanding, Identifying, and Managing Risk and Opportunity for Financial Institutions

The changing regulatory environment puts financial institutions in a cloudy area regarding banking cannabis-related businesses (CRBs). While it can seem lucrative to bank these businesses, it doesn’t come without risks. For some financial institutions, they want to avoid these customers, but don’t know how to properly identify them. In this webinar, Steven Kemmerling, the founder and CEO of CRB Monitor and Terri Luttrell, Abrigo Senior Manager of Strategy and Engagement, will share the issues and considerations facing financial institutions that both (a) do not currently, knowingly bank the sector and (b) those that do or are thinking about beginning these relationships. Watch to learn:

  • The current state of the legal, regulatory, and market landscape(s)
  • How to identify and bridge cannabis-related policy and procedure gaps
  • Risk vs. Reward – How and why more FIs are banking the cannabis sector

Meet Your Presenter

Steven Kemmerling

Mr. Kemmerling is the CEO of CRB Monitor (formerly MRB Monitor), which provides robust corporate intelligence on cannabis-related businesses (“CRBs”) and the people who own and manage them. CRB Monitor helps financial institutions understand, identify and manage marijuana-related risks and opportunities through data. CRB Monitor aggregates data from hundreds of sources and organizes it into one comprehensive database for use in screening, on-boarding, enhanced due diligence, and on-going monitoring. Prior to founding CRB Monitor in 2014, Mr. Kemmerling worked as a corporate M&A investment banker — including time at Keefe, Bruyette & Woods advising banks — and co-founded a securities litigation consulting firm.

Full Bio