Happy fall and welcome to CRB Monitor's first-ever email newsletter!
Are you a data nerd? Enjoy keeping up with the latest cannabis headlines? Or on the lookout for industry events to improve your institution’s approach to cannabis risk and compliance?
You’re in the right place.
2020 has been a whirlwind, and despite all the disruption — or perhaps due to it — there has been no shortage of cannabis-banking industry news to digest. We hope what follows will help you reflect and strategize for what’s next.
Hashing Out the Truth
CRB Monitor’s database growth by the numbers.
Tier 1 Marijuana-Related Business Counts
Q3 Summary: 38,381 1A MRBs + 2,230 1B MRBs = 40,611 total
1A MRB
1B MRB
Marijuana Business Licenses Count
Beneficial Owner Count
STEVE'S TAKE - Recent speaking events with Steven Kemmerling, CRB Monitor Founder and CEO.
Banking MRBs: Blunt Talk on Managing AML/KYC Compliance
CRB Monitor's Steve Kemmerling took part in the Risk Revealed Webinar Series hosted by Refinitiv, which brings together risk and compliance experts from across financial markets and corporates to discuss how data and technology solutions can help mitigate risk exposure to business.
Let's Talk Cannabis: Data and Corporate Intelligence in Banking
Steven Kemmerling joined Burns & Levinson attorneys Scott Moskol and Katrina Skinner for a discussion on industry trends and insights into corporate intelligence for cannabis banking compliance. Listen to the recording here.
JUST THE FACTS - The latest articles from CRB Monitor Blog
Why FinCen's Marijuana Banking Count is Too High
The ABC's of CBD: Cannabis Cheat Sheet for Compliance Officers
News of Note
FinCEN Files: Dirty Money Pours into World's Most Powerful Banks
"The Cannabis Industry Isn't UnBanked, It's Underbanked and Underserviced."
(Meaningless?) Federal Vote on Marijuana Legalization Is on the Horizon