CBANC Network Launches the Industry's First Cannabis Banking Group
CBANC Network, Incorporated today announced the launch of the industry-first discussion board and resource hub specifically for financial institution professionals who are considering the implications of cannabis related banking (CRB), including hemp and CBD, on their institutions.
AUSTIN, Texas, Sept. 9, 2020 /PRNewswire-PRWeb/ -- CBANC Network, Incorporated today announced the launch of the industry-first discussion board and resource hub specifically for financial institution professionals who are considering the implications of cannabis related banking (CRB), including hemp and CBD, on their institutions. This free resource, for CBANC members only, is presented in partnership with Integrated Compliance Solutions and Green Flower Media.
"We're pleased to support our 55,000 plus members with timely and accurate Cannabis Banking content," said Mike Snavely, CBANC's Chief Commercial Officer. "Our membership has told us loud and clear that this is an area of interest for them, and we've partnered with the best two companies in the business to help them navigate these waters. We invite any bankers or credit union staff considering the implications of CRB on their institutions to join us in the Cannabis Banking Group."
The CBANC Cannabis Banking Group provides up-to-date, authoritative information for three audiences:
The "cannabis curious" who are investigating the impact of cannabis banking regulation on their institutions. The Group provides access to documents, sample policies and checklists, and expert advice on how to think about and assess the landscape of cannabis banking.
The "implementers" who have taken the decision to bank cannabis and are looking for accurate and up to date information on how to do so safely and compliantly. These bankers can access information on processes and toolsets, along with feedback from active bankers and others who can help them navigate this tricky area.
The "active bankers" who are experienced in banking cannabis and are looking to stay up to date on the changing landscape of cannabis banking regulation, best practices, how to handle regulatory examinations, and other topics.
Ralf Kaiser, CEO of Integrated Compliance Solutions, the "Seed to BankTM" partner for financial institutions, noted, "We've put together content that's responsive to the questions we hear most often from our clients and others who are banking CRBs. We've noticed that some other sources of content online are sometimes out-of-date or hard to work with, and our goal, in partnership with CBANC, is to help financial institutions safely and profitably bank this sector."
Green Flower Media's Gil Christie added, "Our contribution to this partnership is to help bankers acquire situational awareness on what's going on in the cannabis industry at large. Only by knowing the business of cannabis will bankers be able to decide whether, how and on what terms to bank it."
CBANC membership is free to any employee of a US financial institution. Bankers can claim their free account at cbancnetwork.com
About CBANC
CBANC is the largest professional network of US commercial banking institutions, the people that work for them and the vendors who serve them. We connect bank and credit union professionals, provide them with software to help them streamline their business, and give them access to screened vendors to help them make purchase decisions.
Our mission is to help especially smaller US financial institutions do more, be more efficient, and compete at a higher level, by leveraging the collective power of our network. Over fifty-five thousand members strong, CBANC's membership represents over 8,600 financial institutions and over $22 trillion in assets. CBANC is based in Austin, Texas.
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Allen King
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SOURCE CBANC Network
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