Webinar Details

Wednesday, August 27, 2025
1:00 pm ET, 10:00 am PT

FREE, includes Live Event and Recorded Playback without expiration


Event Description

Earlier in August, President Trump announced that his Administration was considering moving ahead with re-classifying cannabis from Schedule 1 to Schedule 3 of the Controlled Substances Act.  While many questions remain regarding if, when, and how this would take place, it is crucial for financial institutions to know what this will mean for their cannabis banking programs, and what ramifications this may have for financial institutions in, or considering, cannabis lending. 

AGENDA 

●     What does reclassifying cannabis mean from a legal perspective?

●     Cannabis would no longer be subject to 280E of the federal tax code.  What does this mean?

●     Would a financial institution’s BSA/Compliance requirements change?


Takeaways

●     Understanding what this means for your CRB program from a compliance perspective

●     Comprehending how this impacts passage of the SAFER Banking Act

●     Ways to communicate this change to your CRB customers or members 


BONUS Material

●     Communique to your CRB’s about what rescheduling means from a banking perspective

Instructor(s)

Chris Van Dyck

Partner - Cogent Law Group

Chris Van Dyck, a partner at the Cogent Law Group, has been involved in the cannabis banking space for close to ten years, first as a financial regulatory attorney and then as general counsel and BSA officer at a financial institution. During his time as a regulatory attorney, he worked closely with financial institutions regulated by his office on compliance issues, including cannabis banking when the FinCEN guidance was issued in 2014. For the last nine years, he has focused his attention on developing a cannabis banking program, ensuring that it meets all regulatory expectations. During his tenure, the cannabis banking program at his financial institution grew extensively and became a significant revenue source.