Let’s Talk Cannabis Banking

Cannabis banking is in growing demand, but serving the industry isn't a simple yes-or-no decision. Banks can serve cannabis companies under existing regulatory guidance, but the level of risk varies depending on where a bank is chartered and local attitudes toward cannabis.

Polsinelli shareholder and former OCC enforcement lawyer Travis Nelson lays out the risks banks should consider before serving the cannabis industry, what it takes to monitor high-risk customers, and the one document every board needs on file before moving forward.