November 2019
The SAFE Banking Act: Will Cannabis Industry Businesses and Employees Soon Be Bank Customers?
Co-sponsored by the Financial Institutions Subsection, Colorado Bar Association Business Law Section
Highlights:
- SAFE Banking Act provisions and potential effects from the perspectives of
both the banking and cannabis industries
- Current state of cannabis cash and banking
- What’s next and what happens if the SAFE Banking Act is not passed by the Senate or is not signed into law?
Program Description:
In late September 2019, the US House of Representative passed the SAFE (Secure and Fair Enforcement) Bank Act (“Act”)— a step toward federally insured banks and credit unions working with cannabis shops in states that have legalized marijuana use. Hear from both banking and cannabis experts on the Act’s provisions and potential impacts, the current state of the law regarding cannabis cash and banking, and what happens if the Senate doesn’t pass the Act, or if it is not signed into law.
Register now and get the latest on recent developments, challenges, and current and future scenarios for banking cannabis cash.
REMEMBER: This Financial Institutions Subsection CLE Series Program is also available via live Internet webcast, direct to your desktop! REGISTER ONLINE! @www.cba-cle.org
We look forward to seeing you in our classroom on November 20th!
Meet Your Presenters
Christian Sederberg, Esq., is a partner and founding member of Vicente Sederberg LLP. After graduating from the University of Colorado School of Law, Christian focused his practice on representing businesses with a primary focus on real estate, private equity, commercial, and corporate transactions. Since the inception of Colorado's state regulated medical marijuana program, Christian and the firm have provided a wide range of real estate, transactional and regulatory assistance to the marijuana community. Christian was also an integral part of Colorado's Amendment 64 campaign, acting as core volunteer for the campaign, representing the campaign on Governor Hickenlooper's Amendment 64
Implementation Task Force, and leading the campaign's legislative implementation team in the Colorado legislature by coordinating the implementation of the Colorado legislative and regulatory structure related to adult-use marijuana. Christian sat on the executive committee of the Committee for Responsible Regulation, which coordinated the campaign to establish statewide excise and sales taxes on the sale of adult-use marijuana in Colorado.
Jenifer Waller, Colorado Bankers Association, was promoted to Chief Operating Officer in 2017 after holding the position of Senior Vice President since 1999. She started in community banking in Southern Colorado in 1985 and attended the Western States School of Banking. Prior to her days at CBA, Waller spent almost five years as a bank examiner for the Colorado Division of Banking. Waller is involved with numerous organizations, serving on the Board of the Colorado Civil Justice League, the Colorado Fraud and Identity Theft Unit and the Colorado Energy Environment District. She has been appointed to several state task forces addressing issues impacting Colorado, including the elder abuse task force and the
wildfire task force. Waller enjoys politics and volunteering for campaigns. When she is not working, she enjoys spending time with her sons Joe and Travis and husband Doug.
PROGRAM SERIES CO-CHAIRS
Cynthia Lowery-Graber, Esq., Bryan Cave Leighton Paisner LLP, Denver, CO
Holly R. Shilliday, Esq., McCarthy & Holthus, LLP, Centennial, CO
Upcoming Programs:
Maximizing M&A Outcomes: Leveraging an Aggressive Deal Process to Achieve Exceptional Results for Your Clients, November 5, 2019, CBA-CLE Classroom, 1290 Broadway, Suite 1700, Denver CO
Ethics 7.0, November 8, 2019, CBA-CLE Classroom, 1290 Broadway, Suite 1700, Denver, CO
Ethics Revue DENVER, November 12 and 13, 2019, The Clocktower Cabaret, 16th Street Mall at Arapahoe, Denver, CO
Ethics Revue BOULDER, December 5, 2019, The Nomad Playhouse, 1410 Quince Street Boulder, CO