(June 11, 2021) Marijuana and hemp are the subjects of a three-day virtual conference, sponsored by NASCUS, which wraps up today after delving into a wide variety of subjects about offering financial services in the fast-developing industry.
More than two dozen speakers are featured at the event (including NCUA Board Member Rodney Hood), which kicked off Wednesday, and looked at recent regulatory updates, how business is evolving in the space, details of cannabis and hemp banking programs at credit unions, and business payments.
The event was led by Deirdra O’Gorman, founding and principal of DX Consulting, a Bank Secrecy Act/anti-money laundering (BSA/AML) consulting firm for cannabis banking.
Specific sessions looked at cash logistics and onsite compliance in cannabis business solutions, building sustainable cannabis business in a regulated environment, lending, NCUA guidance (with Tim Segerson, deputy director of the agency’s office of examination and insurance), hemp rules from the U.S. Department of Agriculture, and a regulator’s perspective on exam programs (featuring NASCUS Vice Chairman Janet Powell, chief of regulation and supervision – credit unions, Oregon Department of Consumer and Business Services).
Videos of key sessions from the event are posted on the NASCUS website, available to registered attendees of the program.