Upcoming Association workshop will explore cannabis, hemp banking issues

Detail of cannabis leaf over american dollar bill

Registration is open for a workshop focusing on the unique opportunities and legal challenges that the legalization of hemp — and the potential legalization of marijuana —  pose to New York’s credit unions. The program will focus on the legal and compliance issues  in this evolving area of law.

The workshop, “Is New York Going to Pot?” will be held from 10 a.m. to 4 p.m. on Feb. 4, at the New York Credit Union Association’s headquarters in Albany.

This workshop will cover:

star3 an update on the latest federal and state developments, including legislation making the sale of  hemp-related products legal in New York state, and federal regulations outlining how hemp can be legally grown;

star3 information on providing banking services for hemp businesses;

star3 the key considerations in developing and implementing an appropriate compliance framework;

star3 the issues credit unions should consider as when providing services to marijuana-related businesses;

star3 key HR issues human resources personnel should already be thinking about as New York moves toward legalizing marijuana; and

star3 the challenges hemp growers and businesses dealing with financial institutions face.

To learn more or register, visit the Association’s website.

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