We are hosting a new Fireside chat on Cannabis banking with Steven Kemmerling of the CRB Monitor on 3/9 at 2 PM EST. We continue to believe that full legalization of Cannabis is a 2022/2023 event, but the process of Cannabis legalization unfolds in two waves. We believe this first wave will take on banking and tax-related issues, where we might know more by the end of March. Getting the financial infrastructure is an essential first step of Cannabis reform, as full legalization will lead to interstate commerce, getting more complicated if STATES Act passes.
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On the call, Steve will discuss the challenges financial institutions face in managing risk and the opportunities for institutions looking to invest in the cannabis industry.
Key points to be covered
- Current and pending federal legislation that could impact the cannabis industry and the current data that surrounds it.
- How financial institutions can create cannabis policies and procedures to more effectively to reflect today's market and regulatory realities without leaving undue risk or opportunity to chance.
- Defining various types of "cannabis" and "Cannabis-Related Businesses" and summarizing the categories that comprise CRB Monitor's database.
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.
