Cannabis has moved to a Tier 1 policy issue in DC and D's, R's, and independents want reform. This powerful combination has never been seen in a prohibition era, but will that mean we will see some form of Cannabis legalization happen before the Mid-terms or a 2023 event? Will it happen under the current administration?
On the call, Steve discussed the challenges financial institutions face in managing risk and the opportunities for institutions looking to invest in the cannabis industry.
Key topics to be discussed:
- Why SAFE failed and what is the likely next move?
- How can financial institutions can create cannabis policies and procedures to more effectively reflect today's market and regulatory realities without leaving undue risk or opportunity to change.
- Why are JP Morgan and other Large Financial institutions increasing enforcement around Cannabis now?
- Is this a move because the big banks know Legalizations is coming?
- Expectations for incremental legalization in 2022?
Cannabis/Consumables Pro Subscribers CLICK HERE for event details (includes video and materials link)
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Steven Kemmerling Bio
Steven Kemmerling is the Founder and CEO of CRB Monitor. With over 45,000 direct marijuana-related businesses, 116,000 marijuana licenses, and 72,000 beneficial owners, CRB Monitor is the most comprehensive database on the cannabis industry. Financial Institutions use CRB Monitor to understand, identify and manage cannabis-related risks and opportunities. Mr. Kemmerling is an established thought-leader in the "cannabis banking" space, writing and frequently speaking on the topic, including numerous local and national ACAMS and bank-compliance events. In addition to developing the largest database of MRBs, he is well-known for creating the "Tier 1, Tier 2, Tier 3" framework, which is used in many institutions' cannabis policies. Before founding CRB Monitor, Mr. Kemmerling was a mergers & acquisitions investment banker and a securities litigation consultant.
