Elaine Carey on the Periodic Effects Podcast
How Not to Get Your Cannabis Company Shut Down
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June 25, 2019
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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
Published
June 25, 2019
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