Elaine Carey on the Periodic Effects Podcast

How Not to Get Your Cannabis Company Shut Down

  • June 25, 2019

    Elaine Carey on the Periodic Effects Podcast

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Elaine Carey, Managing Director and co-lead of FTI Consulting’s Cannabis Services practice, is a guest on Wayne Schwind’s podcast, “Periodic Effects,” discussing common anti-money laundering pitfalls and points of failure companies face, especially those in cash-dominated industries like cannabis. In the episode, Elaine provides tips and advice on how cannabis companies can successfully apply for a bank account or a cannabis license, plus insight into how institutions and regulators operate. The interview brings a fresh perspective to the importance of compliance, highlighting practices that can set off red flags and ways cannabis companies can mitigate those risks.

Topics covered include:

  • Issues arising from lack of access to formal banking
  • Anti-money laundering red flags
  • Enhanced need for reputational due diligence
  • The use of payment processors
  • Canadian cannabis reverse takeovers
© Copyright 2019. The views expressed herein are those of the author and do not necessarily represent the views of FTI Consulting, Inc. or its other professionals.

Published

June 25, 2019

temp Key Contacts

Elaine Carey

Managing Director

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