The Cannabis Financial Industry Group (CFIG) coalesces financial institutions and associated services providers serving the regulated US cannabis industry.

OBJECTIVES

Inform and advocate for federal and state policy, and the substantively enacted regulations.

Develop industry practices and standards for financial institutions and associated serving the US cannabis industry.

Educate stakeholders informing state and federal oversight on the industry best practices towards improving consistency among regulators and audits.

Cultivate partnerships with peer financial institutions that mitigate risk and expand opportunities.

Interested in More Information

General Membership is open to all banking and financial institutions. Affiliate Membership is available to service providers. For all inquires, please contact Erin Moffet via the form below.

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Industry News

November 2024

CFIG Cannabis Clips Week of Friday, November 1

25 Participants Listed for DEA Hearing on Marijuana Scheduling 25 participants listed for DEA hearing on marijuana scheduling BY NATALIE FERTIG | 10/31/2024 05:40 PM EDT A list of 25 potential participants was issued by the DEA for a December hearing on marijuana rescheduling, according to a preliminary order issued Thursday and obtained by POLITICO...READ MORE »
October 2024

CFIG Cannabis Clips Week of Monday, October 28

Cannabis News of Note for the Week: Marijuana Moment: A Record Number Of Banks Are Working With Marijuana Businesses As Rescheduling Looms, New Federal Data Shows Benzinga: ‘Make Your Voice Heard’: Liaison Group Exec Pushes For Action On Cannabis Reform, Safe Banking Green Market Report: Accounting group pushes for clarity as questions around cannabis tax […]...READ MORE »
October 2024

CFIG Cannabis Clips Week of Monday, October 18

Cannabis News of Note for the Week: Benzinga: Ed Perlmutter: ‘SAFE Banking Act Will Get Done’ Despite Ongoing Challenges In Congress Green Market Report: Delaware governor signs cannabis banking protection bill   Cannabis Reports of Note for the Week: Banks Stand To Generate Over $2 Billion In Revenue From Marijuana Industry Interest Payments By 2035, […]...READ MORE »
October 2024

CFIG Cannabis Clips Week of Monday, October 11

Cannabis News of Note for the Week: Punchbowl News: Blumenauer sees waning ‘appetite’ for weed banking in lame duck (paywalled, full text below) Ask a Pol Podcast: Sen. Schmitt supports “clean version” of SAFER Banking Act (while it says it is paywalled, you can access the audio and transcript if you scroll down further) Green […]...READ MORE »
October 2024

CFIG Cannabis Clips Week of Monday, October 7

Cannabis News of Note for the Week: Marijuana Moment: Marijuana Banking Bill Would Boost Deposits By Billions If Enacted, Congressional Budget Office Says On One-Year Anniversary Of Committee Passage The Atlantic: The GOP’s Tipping Point on Weed (paywalled, full text attached) Green Market Report: Harris endorses federal marijuana legalization Marijuana Moment: JD Vance’s Marijuana Legalization […]...READ MORE »
September 2024

CFIG Cannabis Clips Week of Monday, September 27

Cannabis News of Note for the Week: Marijuana Moment: Democratic Senator Says Trump’s Support For Marijuana Banking Bill Is ‘Great’ And ‘Helpful,’ But Path To Passage Remains Unclear Marijuana Moment: IRS Will Keep Applying 280E Tax On Marijuana For Years Prior To Rescheduling And Could Seize Assets From Businesses That Owe, Official Says Green Market […]...READ MORE »
September 2024

CFIG Cannabis Clips Week of Monday, September 20

Cannabis News of Note for the Week: Marijuana Moment: Key Senator Tours Marijuana Business And Promotes Banking Bill Amid Growing Industry Frustration Over Inaction Green Market Report: Senate committee OKs bill to relax federal hiring rules on past cannabis use ABA, CBA release ad urging Rep. Pettersen to keep fighting to help legal cannabis businesses […]...READ MORE »
September 2024

CFIG Cannabis Clips Week of Monday, September 16

Cannabis News of Note for the Week: Marijuana Moment: Trump Backs Federal Marijuana Rescheduling And Cannabis Industry Banking Access Marijuana Moment: Trump Needs To ‘Bring Us Some Republican Senators’ To Pass Marijuana Banking Bill Following His Endorsement, Democrat Says ACAMS Central Ohio Chapter: Banking Marijuana MJ Biz Daily: Massachusetts treasurer fires state’s top marijuana official […]...READ MORE »
August 2024

CFIG Cannabis Clips Week of Friday, August 30

Cannabis News of Note for the Week: WSJ: Cannabis Reclassification Would Expand Banking Access to Industry, Advocate Says Dayton Daily News: Banking remains a challenge for dispensaries post Ohio cannabis legalization Green Market Report: How the cannabis rescheduling delay could be a positive turn of events MJ Biz Daily (Salal Credit Union Guest Column): Rescheduling […]...READ MORE »
August 2024

CFIG Cannabis Clips Week of Friday, August 2

Cannabis News of Note for the Week: Politico Pro Cannabis: Where does weed stand on Capitol Hill? Summer break edition. (paywalled, full text below) Politico Pro Cannabis (8/2): Brown Pushing Schumer on Weed Banking (paywalled newsletter, text below) Green Market Report: Senators say they want safe banking for cannabis, but take no action Marijuana Moment: […]...READ MORE »
July 2024

CFIG Cannabis Clips Week of Friday, July 29

Cannabis News of Note for the Week: Marijuana Moment: Congressional Committee Again Blocks Amendments To Prevent Marijuana Testing Of Federal Job Applicants Green Market Report: LeafLink buys Dama Financial for undisclosed amount Cannabis Business Times: 43,000 Comments Filed on Cannabis Rescheduling Proposal as Public Period Closes Green Market Report: Cannabis legal experts emphasize uncertainty with […]...READ MORE »
July 2024

CFIG Cannabis Clips Week of Friday, July 19

Cannabis News of Note for the Week: Ask a Pol: EXCLUSIVE: Sen. Todd Young: “I support [SAFER Banking Act]” Marijuana Moment: State Marijuana Regulators Push Feds To Explain How Rescheduling Will Impact Enforcement, Banking, Research And More Green Market Report: Major changes to cannabis banking unlikely after rescheduling Marijuana Moment: Bipartisan Lawmakers Seek To Remove […]...READ MORE »

Who We Are

MANAGEMENT TEAM

SAPHIRA GALOOB, Executive Director

ERIN MOFFET, Director of Communication

DAVID MANGONE, Director of Policy

JUDY GOOTKIND, Treasurer

CFIG BOARD LEADERSHIP

ADAM CRABTREE, Chairman, NCS Analytics

JUDY GOOTKIND, Treasurer, Creative Services, Inc

CFIG FOUNDING BOARD AND EXECUTIVE COMMITTEE MEMBERS