Illinois Approves Recreational Marijuana: Banking Marijuana-Related Businesses
Tuesday, July 16, 2019
10:00 AM - 3:00 PM
Tuesday, July 30, 2019
10:00 AM - 3:00 PM
Oak Brook, Illinois
John Geiringer is a nationally recognized banking attorney who advises financial institutions on regulatory, governance, and investigative matters. John regularly provides focused training sessions to boards and management on a wide range of legal and risk management topics.
Join Barack Ferrazzano's Financial Institutions Group partner and Regulatory Section Leader John M. Geiringer at the Illinois Bankers Association's (IBA) event entitled, Illinois Approves Recreational Marijuana: Banking Marijuana-Related Businesses. This is a timely and informative event for bank presidents and CEOs, directors, legal counsel, chief risk officers, compliance officers, and other personnel who may be involved with cannabis-related businesses.
More than 30 states, including Illinois, have legalized the use of marijuana to some degree. Yet the possession, distribution or sale of marijuana remains illegal under federal law, so very few financial institutions are willing to accept the risks associated with banking marijuana-related businesses, including the potential loss of their federal deposit insurance, charter, or both. With the legalization of recreational cannabis use in Illinois, what course of action should a bank pursue? Learn the regulatory perspective, supervisory expectations, and best practices associated with providing banking services to cannabis-related businesses, as well as approaches that exceed regulatory expectations to help banks responsibly service this burgeoning industry.
- Kerri Doll, Assistant Director, Illinois Department of Financial and Professional Regulation
- Steven Kemmerling, Chief Executive Officer and Founder, MRB Monitor
- Brandon Marriott, Assistant Deputy Comptroller, Office of the Comptroller of the Currency
- Michelle Sullivan, Chief Risk & Compliance Officer, DAMA Financial
- IBA Members; $249
- Non-IBA Members; $419
To register and learn more, visit: https://www.ilbanker.com/Education-Events/Meeting-Home-Page?meetingid=%7B6032AE46-0A86-E911-8101-000D3A01109B%7D
About the Illinois Bankers Association
The Illinois Bankers Association, the voice of Illinois' banking industry, is a full-service trade association dedicated to creating a positive business climate that benefits the entire banking industry and the communities they serve. Founded in 1891, the IBA brings together state and national banks and savings banks that together employ over 110,000 people in nearly 4,500 offices across the state. The IBA is proud of its diverse membership, serving all sizes of financial institutions from the smallest community bank in the state to the largest national bank in the country.
To learn more about the IBA, visit: https://www.ilbanker.com/About-Us/About-IBA