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Upcoming webinar: Canada’s Cannabis Framework

November 10, 2017

Janet Gibson Eichner, Canadian Credit Union Association

Last April, the federal government introduced legislation aimed at creating a legal framework for the production, distribution, sale and possession of cannabis in Canada. Slated to come into effect on July 1, 2018, the federal legislation sets parameters for the new framework, but leaves it up to each province to design its own distribution system and usage regulations. While provinces finalize their plans, licensed producers are gearing up to meet anticipated increases in demand, and new “marijuana entrepreneurs” are testing legal limits by establishing storefronts in many communities. And both are, or will soon be, seeking financial services.

CCUA will be hosting on November 22 (1:00 to 2:00 p.m. EST) titled Canada’s Cannabis Framework. In this free webinar, legal experts from Blakes LLP will discuss issues credit unions need to be aware of when working with marijuana-related businesses in this still evolving environment.

The webinar will cover:

  • An overview of the Cannabis Act;
  • Licensing regime details;
  • Provincial distribution models;
  • Elements of an AML compliance program for banking licensed producers, including risks, mitigation, due diligence and ongoing monitoring;
  • Banking licensed distributors; and
  • Lending to licensed distributors.
Registration is available here.