Will Cannabis Legalization Provide Safety for Financial Institutions?


CRB Monitor founder & CEO, Steve Kemmerling was interviewed by Joann Needleman, a leading financial services attorney at Clark Hill PLC, for her Credit Eco To Go: Curbside Thought Leadership For Financial Services podcast series. The podcast covers hot topics in the financial space.

As 2021 rings in a new administration, there is much speculation on how Congress will pass meaningful legislation for marijuana related businesses. On the podcast, Steve sheds light on what financial institutions can be doing now to manage risk and opportunity for their clients who may have direct or indirect ties to MRBs.

Key Points Covered

  • Defining various type of "cannabis" and "Cannabis-Related Businesses" and summarizing the categories that comprise of CRB Monitor's database
  • Current and pending federal legislation that could impact the cannabis industry and the current data that surrounds it
  • How to more effectively create cannabis policies and procedures to reflect today’s market and regulatory realities, without leaving undue risk or opportunity to chance 

Listen to full podcast here


Joann Needleman leads the firm’s financial services regulatory  and compliance practice and advises banks, financial institutions, and financial services entities on regulatory compliance matters. A former member of the Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board, Joann provides her clients with useful strategies and common-sense solutions in order to prepare for areas of regulatory scrutiny.


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