Upcoming Webinars
Members and nonmembers are invited to register for all of our upcoming webinars.
Upcoming Webinars
Members and nonmembers are invited to register for all of our upcoming webinars.
May 19, 2026 | 2:00 pm
Closing the Loophole: Legal Hemp Redefined and FinCEN Implications
$225.00
What will be covered:
Within the legislative package passed in November 2025 to reopen the federal government, language included in the agricultural provisions of the bill redefined what is – and is not – legal hemp on the federal level. By closing this “loophole,” it is estimated that upwards of 90 percent of the current cannabinoid market operating under the 2018 Farm Bill definition is comprised of these future marijuana products – and will be treated as federally illegal starting in November 2026.
Why should financial institutions care?
Some community banks may be servicing this industry directly without enhanced compliance mechanisms while considered legal under federal law. Many others are servicing those with indirect ties to the industry, including individuals and companies that may transport or sell these final products that beginning in November 2026 will be deemed to be trafficking a Schedule I substance, absent any reclassification of marijuana at large. Even in states that have legalized cannabis use in some form, these products may often fall outside of any regulated program and will trigger federal trafficking laws if they continue to be available via interstate commerce.
Prepare now.
While Congress provided a one-year enforcement delay of this provision, financial institutions cannot wait until enforcement begins to make decisions on how to handle existing and future relationships that may be impacted by this change in federal law.
Join the Cannabis Financial Industry Group for an educational webinar to help community banks better understand what happened and what it means for their clients and their exposure, share recommended next steps for understanding risks and compliance requirements as it relates to cannabis banking, and answer your questions on how this change in federal cannabis law may or may not shift in the future.
Presenters:
Jennifer Cliber Smith, CRCM, Compliance Anchor Director
Erin Moffet, Director of Policy and Communications for the Cannabis Financial Industry Group (CFIG)
Davis Mitchell, AVP/Fintech Manager | Fintech Banking Division, Regent Bank
Steven Kemmerling, Founder & CEO, CRB Monitor
WHO SHOULD ATTEND: Compliance Officers, BSA Officers, Risk Management Officers and staff, Loan Compliance Personnel, Loan Officers, Retail Staff, Loan Operations Staff, Deposit Operations Staff, Board Members, Management
Erin Moffet serves as Director of Policy and Communications for the Cannabis Financial Industry Group (CFIG), a coalition of financial institutions and associated risk-mitigating service providers serving the regulated U.S. cannabis industry. Erin has more than 15 years of congressional and state government experience, working on federal cannabis policy for the past nine years in both government roles and trade association work. Prior to joining CFIG, Erin served as Deputy Chief of Staff to Florida Agriculture Commissioner Nikki Fried and the Florida Department of Agriculture and Consumer Services (FDACS), overseeing the department’s federal affairs operations as the state enacted its hemp program under the 2018 Farm Bill. She previously spent nine years on Capitol Hill handling cannabis policy and communications for multiple members of Florida’s congressional delegation who served on the House Financial Services, Appropriations, and Rules committees, and remains actively engaged with the Cannabis Caucus and Working Groups. Erin is the Principal & Founder of EMMinent Strategies, LLC based in Washington, D.C. where she lives with her family.
Steven Kemmerling is the Founder and CEO of CRB Monitor, the leading RegTech platform for cannabis-related business intelligence and compliance. With a database covering over 100,000 private cannabis businesses, 265,000 licenses, and 155,000 decision-makers, CRB Monitor serves as the single source of truth for financial institutions navigating the cannabis sector. Steven pioneered the industry’s risk-tiering framework, first introduced in his 2016 ACAMS Today white paper Defining Marijuana-Related Businesses, which has since become the standard used by banks and regulators nationwide. Before founding CRB Monitor, Steven worked as an M&A investment banker and securities litigation consultant.
Davis graduated from the University of Oklahoma with degrees in Finance and International Business. He is a Fulbright scholar and has studied at the Autonomous Technological Institute of Mexico. At Regent Bank, Davis previously assisted in developing procedural guides and program materials for Regent’s Cannabis Related Banking program, and he currently oversees Regent’s FinTech program.
