There’s a new and fast-growing industry of potential commercial borrowers waiting to hear about your products and services. Are you getting in the game?
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Define what has been legalized under the Hemp Farming Act and USDA regulations
- Distinguish hemp-related, marijuana-related, and CBD businesses
- Identify the unique loan needs for the commercial hemp industry
- Use tools to establish the initial and ongoing due diligence for these borrowers
- Understand recent USDA interim hemp production guidance
The Hemp Farming Act of 2018, as passed in the 2018 Farm Bill, legalizes industrial hemp and hemp-derived CBD at the federal level. This is big news – an entire new industry of potential commercial borrowers waiting to hear about your products and services. Under the USDA’s laws and regulations and subject to your state’s laws, you can begin making loans and offering other products as soon as the 2020 growing season.
However, many financial institutions are understandably hesitant to serve hemp-related businesses, due to perceived risks and confusion about marijuana-related laws. Where do you start? How will you know a legal hemp crop from an illegal one? What ongoing due diligence and reporting will be expected? Join us for answers to these questions and more in this jam-packed session.
WHO SHOULD ATTEND?
This informative session is designed for loan officers, branch managers, operations personnel, BSA officers, and compliance officers.
- Sample hemp/CBD lending policy language
- Hemp/CBD enhanced due diligence worksheet
- Employee training log
- Interactive quiz
DON’T MISS THESE RELATED WEBINARS!
Deposit Account Series: Banking Cannabis Businesses: Hemp, CBD, THC & More
on Thursday, February 13, 2020
Hemp Farming Act: CBD, FAQs & Impact on Financial Services
on Friday, June 14, 2020
MEET THE PRESENTER
Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has 17 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.