Cannabis Expansion Pilot
Financial institutions can generate up to $200,000 (7x ROI) in stable, fee-derived income by banking cannabis companies using Copacetic Strategies’ Cannabis Expansion Pilot.
As economic conditions turn recessionary, interest income will dry up. Replace lost interest income with sustainable fee income through cannabis banking.
How it works
We provide the policies, procedures, and training.
Together we obtain Board of Director approval.
You onboard up to 15 cannabis businesses.
Fee income increases $18,000 per month.
How it works
We provide the policies, procedures, and training.
Together we obtain Board of Director approval.
You onboard up to 15 cannabis businesses.
Fee income increases $18,000 per month.
The Pilot includes
Governance policies and procedures
Internal controls built for cannabis banking
Proprietary cannabis risk models
Transaction monitoring and SAR guidance
Pre-operation staff training
Health and metrics reporting templates
Our cannabis risk model
Lowering costs by gaining efficiencies through a risk-based approach, the model helps the financial institution manage each customer’s risk profile appropriately.
Money Laundering
Organized Crime
Compliance
Supply Chain
Operations
Staff Requirements
30 to 40 hours to implement and train
4 to 8 hours to onboard each customer
40 hours of reporting and maintenance per month