Cannabis Related Businesses

[Melanie Prickett]

We are risk averse – our policy as it stands today addresses direct and indirect relationships/activity – Generally, we do not bank companies/individuals required to be licensed/registered or primary income or revenue is derived from a licensed CRB.

We may have a small handful of existing relationships that have the potential of selling products that are legal today but may become illegal under the new definition, requiring licensing, etc.

Our plan is to have a conversation with those customers – currently looking for informational material to provide them regarding the definition change/requirements [although our hope is that they are aware and are not selling or are stopping sales of these products]. Any/All feedback is much appreciated!

For those banking companies that sell CBD products but derive a minority of their profits from them [regardless of THC %] – Are you willing to share you policy?

Any/all feedback is hugely appreciated!

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