Cannabis Banking in Missouri: Market Overview and Fundamentals

1:30 p.m. Wednesday, May 22

 

Overview

In 2023, Missouri’s cannabis market exploded because of the legalization of adult-use marijuana. Over the first two years of medical sales, the state’s program had generated around $600 million of revenue by the end of 2022. Once adult-use sales began in February 2023, those numbers increased dramatically. By the end of 2023, Missourians had purchased just shy of $2 billion worth of products, a majority of which came from the adult-use program. Additionally, one of the things that has been notable about Missouri’s rapid growth is that it seems to have come without many of the public missteps and controversies that have plagued some of the other states that went live around the same time.

This webinar presented by MBA associate member Green Check Verified provides Missouri banking professionals with the knowledge they need to engage with the legal cannabis industry in the state. Green Check Verified experience includes building and scaling cannabis lines of business with more than 150 U.S. financial institutions

Topics

Session 1: The Fundamentals of Cannabis Banking

  • essential terminology: cannabis/marijuana/hemp, THC/CBD
  • the cannabis market opportunity in the U.S.
  • the cannabis market opportunity in Missouri
  • defining cannabis businesses and identifying their needs
  • federal and state cannabis law, guidance and regulations
  • FinCEN’s 2014 marijuana banking guidance: what you need to know
  • locating and onboarding cannabis businesses
  • ongoing monitoring and working with your examiner

Session 2: Special Considerations in Missouri

The Missouri legal cannabis industry comes with its own particular challenges and opportunities. This session explores the current state of Missouri’s cannabis market, where that market is headed and what financial institutions in Missouri need to understand to grow with this industry safely and effectively.

Speaker

Paul Dunford

Co-Founder and Vice President of Knowledge, Green Check Verified

Paul Dunford oversees the development and management of compliance programs for Green Check Verified’s clients, with a focus on state-level compliance and compliance concerning federal guidance.

For More Information

Contact the MBA Education Department at 573-636-8151 or email. 

Who Should Attend

board members, CEOs, CFOs, compliance and risk officers, branch operations managers, business development teams, lending officers, marketing and communications teams 

Three Ways to Register

register icon    Online             
phone icon    Phone 573-636-8151 
mail icon    Mail check payable to Missouri Bankers Association and form to:
Missouri Bankers Association
P.O. Box 57
Jefferson City, MO 65102

Registration Fees

  • MBA Member Fees
    • Individual Fee -- $200 per person
      • includes presentation slides; webinar recording not included
    • All-Access Pass -- $500 per bank
      • includes presentation slides and webinar recording
  • Nonmember Fee -- $1,060 per person
    • includes presentation slides; webinar recording not included

    Cancellation/Refunds

    Full refunds will be granted for cancellations received by MBA at least five days before the webinar date. After that date, an administrative fee of $10 per canceled registration will be retained. Cancellations will not be accepted two days before the webinar. Substitutions are always permitted. 

    Schedule

    1 p.m. Zoom Waiting Room Opens
    1:30 p.m.  Webinar Begins 
    3 p.m.  Webinar Adjourns