Comprehensive Cannabis Banking Solutions

Evaluate cannabis banking considering all relevant regulatory and business/financial risks and opportunities

Implement a cannabis banking program with best-in-class, customized policies and procedures, KYC management, training, regulatory compliance, transaction monitoring, and reporting

Is your institution interested in understanding whether cannabis banking is a viable opportunity from a financial and regulatory standpoint?

Do you need resources that can help evaluate whether there is an opportunity in cannabis banking for your institution—can it be profitable without unreasonable regulatory or business risk?

A federal law legalizing cannabis banking (“Safe Banking Act”) is on the horizon. Would you like to be ready for banking cannabis and be first to the opportunity when Safe Banking passes?

Introducing RegSmart’s Cannabis Banking Launch Service

This specialized consulting engagement will assist financial institutions in evaluating, developing, and launching robust cannabis banking programs. Our team of subject matter experts have successfully co-developed or reviewed cannabis banking programs for multiple financial institutions across the country.

Designed to help financial institutions adhere to existing BSA and AML requirements, as well as FinCEN’s guidance on cannabis banking, RegSmart’s consulting services focus on four key areas: policy and procedure management, risk and control framework, go-to-market strategy, and training.

While the decision to bank cannabis involves many complex factors, we decided to make choosing a consulting partner an easy decision by offering an affordable flat-fee pricing model for this offering so that financial institutions can focus on program development rather than budgetary constraints.

Our focus on regulatory compliance and operational efficiency enables our clients to grow low-cost deposits, increase fee revenue, and deliver much-needed services to the businesses in their community. Beginning with the initial program development, each and every partnership receives the dedicated support and guidance necessary to engage with this high-risk industry.

Balancing the need to develop a robust cannabis framework with the desire to build a profitable program may seem daunting, but through proper planning, the right partner, and the right tools, cannabis banking can become a reality for financial institutions.

Expert Advisory Services

Our team of subject matter experts will work with you to co-develop your cannabis banking program.

The goal for each engagement is to come together around a comprehensive business plan and compliance program to enter this high growth market safely and confidently.

Access the best technology in the cannabis banking space with a combination of BSA/AML automated risk management and cannabis onboarding, transaction monitoring, and SAR reporting SaaS.

Click the button to email us, or call (727) 743-4230 for a demo and get RegSmart today!

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