Steve Kemmerling, CRB Monitor Founder & CEO, virtually co-presented with Sarah Beth Felix, CEO & Founder of Palmera Consulting and Miles Daniel, Chief Compliance Officer of Strategic Risk Associates (SRA) on March 10, 2022.
The cannabis industry is expected to continue its explosive growth, with most analysts forecasting CAGR of 15-20% over the next 5 years. Whether your financial institution is starting to look into cannabis banking or not, the risks that the industry presents are new, growing, and evolving every day. Terms and acronyms such as "Cannabis", "Marijuana","Hemp", "CBD", "THC", "Tier 1, 2 and 3." "Decriminalization." "Re-Scheduling / De-scheduling." "DOJ." "DEA." "USDA." "FDA." "Licensed and Unlicensed." "SAFE Banking Act." "SARs." "BSA." "AML." "KYC." And so on can get overwhelming right?
Watch the recording and download the presentation here
Strategic Risk Associates (SRA) is a technology solution provider and risk management consulting practice serving Financial Services, Insurance and Technology Industries. SRA's proprietary technology and methodology was designed and built “by bankers, for bankers” enabling clients to navigate risk and drive growth. SRA Watchtower is a risk intelligence and intuitive performance management platform built to continuously inform, enlighten, and empower banking executives and boards. SRA has helped hundreds of banks effectively navigate through significant risk events since the 2008 financial crisis.