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2018 Preliminary Consideration Banking MRB’s, OKC
August 7, 2018 @ 1:00 pm - 4:00 pm CDT
There will soon be Marijuana-Related Businesses in Oklahoma that will be legal under state law. They will be required to conduct their operations in accordance with regulations which will be issued in the near future. These businesses (whether the growers, the dispensaries, or some other tangential person or entity) will want to keep their money safe by depositing it in the bank (perhaps YOUR bank), and they may be seeking financing as well.
The complicating factor is that marijuana has not been decriminalized at the federal level. So where are the legal lines drawn and what can a financial institution do without risking jeopardy?
This seminar is a “no judgment” zone. Whether you’re attending to learn about how to safely bank MRBs — or how to try to steer completely clear of involvement, we’ll outline for you what we know now, what we have to wait to find out, what we can learn from similarly situated states (thank goodness we are in the middle of the pack and not on the bleeding edge!), how to answer customer questions and what you might want to be doing now to get ready.