What is a marijuana-related business?
Many financial Institutions don't have a clear comprehension of what is a Marijuana Related Business (MRB), and therefore have unclear or incomplete policies for managing risks from this new, emerging industry.
CRB Monitor, CEO and Founder Steve Kemmerling, defines and shares a detailed framework for defining a MRB to help financial institutions with understanding, regulating and therefore creating internal policy.
Download the article to learn about:
- How the Controlled Substance Act classifies marijuana
- Defining general categories of MRBs into a three risk-based tiers
- A jumping off point for how to better evaluate risk and opportunity related to MRBs
Deciding to bank or looking to avoid marijuana customers, our database of cannabis-related corporate intelligence enables financial institutions to reveal connections and evaluate risk and opportunity. Contact us through our live chat today!