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Cannabis Legalization News Podcast

Cannabis Banking Consultant - How to get a bank account for your cannabis business - FinCEN SARs

23 Apr 2020

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Send us a textHow to get a bank account for your cannabis business?  You may need a Cannabis Banking Consultant.Cannabis banking has lots to do with the Cole memo, which we discuss how the Cole Memo survived the Sessions Memo in 2018. We also discuss the FinCEN guidance from department of treasury.  The Marijuana:“marijuana limited” SARs with limited information for otherwise legitimate banking clients;"marijuana priority” SARs, for banking clients which implicate the Cole Memo concerns like non-cannabis crime, and; “marijuana termination” SARs, where there’s clear criminal activity like money laundering.https://www.cannabisindustrylawyer.com/cannabis-banking-consultant/Support the showSupport the showGet our newsletter: https://bit.ly/3VEn9vu

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