Clark Partington Attorney, Anastasia D. Stull, will present “A Primer on Banking CBD” on Monday, November 4 at the Florida Industrial Hemp Conference & Exhibition in Orlando, Florida. The conference will address the development of the industrial hemp industry in Florida. Anastasia’s presentation will specifically address banking and regulatory issues related to CBD. She will also discuss the intersection of the $4 trillion global wellness economy, the $17 billion legal cannabis industry, and the anxiety epidemic in America. Hemp is no longer a controlled substance and analysts estimate CBD will be a $20 billion industry by 2022, yet there is still a huge gap in regulatory guidance for financial institutions that serve businesses dealing with hemp. There is a definite need for financial regulators to issue a clear directive on distinguishing legal hemp and illegal marijuana, so banks are rid of the uncertainty about their exposure to criminal and civil liability or regulatory censure. We will discuss the opportunities for banks to onboard CBD customers in Florida amidst the regulatory challenges, including what CBD/hemp business owners need to do to prepare to be banked.
About Clark Partington:
Clark Partington is the largest business focused firm in the Florida panhandle with offices in Pensacola, Destin, Grayton Beach & Tallahassee. The firm also maintains a presence in South Alabama with an Orange Beach office. Since 1976 Clark Partington has grown to over forty lawyers serving the people and businesses of Florida through an innovative and collaborative approach to practicing law. Our lawyers are consistently recognized for their service to the profession and excellence in the courtroom. More information about the firm’s practice, its attorneys, and recognitions may be found at www.clarkpartington.com.
Laura Branch, Business Development Coordinator
(850) 208-7026 | email@example.com