BSA Impact: Cannabis as an All-Cash Business
October 1 2020 18:00 - 19:00 UTC
Can you imagine doing business solely in cash?
What would that look like?
We’ve evolved as a society that was once primarily cash-based to one that very rarely has cash on hand. With person-to-person and person-to-business payments abounding and contactless payments arriving on the scene daily, it is hard to envision using only cash personally, yet alone in running an entire business. Think of the security issues in doing so and sourcing supplies, paying vendors and paying taxes, compensating your staff. This is the current state of the legal cannabis industry. While there are financial institutions that have waded into this industry to offer financial services to cannabis operators, many operators remain unbanked or underbanked. Through this webinar we will walk you through the experience of running an all-cash business and the BSA impact to your institution. It’s a perspective you won’t get anywhere else!
- Prerequisites: N/A • Advanced Preparations: N/A
- Course Level: Basic • Group Internet Based Training
CBANC Network is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
- Cannabis Banking Bill
- Cannabis Banking Legislation
2020 Running an All Cash Business.pdfAttendees Only
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